The Weekend Leader - With Rs 2.5 Crore Monthly GMV, Indic Wisdom Lands Rs 4 Crore in Pre-Series A Funding

With Rs 2.5 Crore Monthly GMV, Indic Wisdom Lands Rs 4 Crore in Pre-Series A Funding



Kaustubh Khare and Prajakta Khare, Founders, Indic Wisdom

Indic Wisdom, an agri-produce startup raised Rs 4 crore in Pre-Series A Round led by Inflection Point Ventures. Mahendra Sankhe, Launch Capital, and Bifco Finance.

Indic Wisdom Pvt. Limited is a Mumbai-based manufacturer of food staples, with a core focus on wood-pressed oils. The bootstrapped brand boasts of a zero waste manufacturing facility that has generated employment in the tribal belt of Palghar with an impressive monthly GMV of Rs. 2.5 crore.

Growing up learning that food should always be natural and always shared with everyone, Kaustubh Khare and Prajakta Khare founded Indic Wisdom to contemporize that civilizational wisdom and produce goodness at scale, with a focus on wood-pressed oils.

Kaustubh, with 15 years in SAP ERP specializing in Digital Supply Chain Management, serves as Founder and Director.

Prajakta, Co-Founder and Director, has 14 years of expertise in SAP ERP, focusing on CRM, Campaign Management, and Digital Distribution Management.

“Conventional oils encounter issues concerning their quality, safety, nutrient content, and environmental impact. Choosing wood-pressed oils gives a healthier and more sustainable choice for both manufacturers and consumers," says Rahul Wagh, Managing Director, Inflection Point Ventures.

"With the global wood-pressed oil market expected to grow from USD 9.63 billion in 2022 to USD 18.61 billion by 2030, at a compound annual growth rate (CAGR) of 8.57%, there's a clear shift towards the healthier alternatives."

Indic Wisdom's extensive range of oils and its presence across multiple channels further contribute to its distinct position in the market.

Currently, they operate at a scale where they extract 70 thousand liters of oil per month, highlighting their significant production capacity.

Prajakta Khare, Founder & Director, Indic Wisdom, says, “At Indic Wisdom, our goal is to take India's timeless tradition of prasad – food that is pure, sustainable, and meant for everyone - to every corner of the world.

"We are doing this by taking our ancient wisdom and food production practices and infusing them with modern production best practices and quality standards."

As per the latest industry data, the Cold Pressed Oil market in India is projected to reach approximately Rs. 40,000 crore by the year 2030. - IANS

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