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Aug, 24 2018

Food startup Sattviko raises strategic funding from marquee investors

A packaged food startup Sattviko has raised an undisclosed amount of strategic funding from marquee investors.

A packaged food startup Sattviko has raised an undisclosed amount of strategic funding from marquee investors. The investors include Helion Venture founder Ashish Gupta, former EY India Head Sunil Chandiramani and other senior private equity professionals.

Set up in 2014, the company had raised its Pre-Series A investment in September last year from a clutch of investors led by Raman Roy, Nasscom's Chairman. The company plans to expand into Dubai and US.

Prasoon Gupta, Co-founder of Sattviko, said, “Our next step is to initiate our Dubai and US operation. Over time, we will endeavour to penetrate across geographies and borders, introducing the Sattwik taste of Indian-origin recipes and healthy food items to the world.”

Sattviko has presence in 10 major cities in India and across all large retailers like BigBazaar, More, Hypercity, Easyday, Spar, Metro, etc. The startup claimed that it used the earlier fund amounts to grow six times in FY 2017-18. Sattviko now aims to touch Rs 50 crore mark in FY 2018-19.

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