Scandalous Foods raises funds in ongoing Seed round led by New Age India Fund

Here’s a summary of the funding details for Scandalous Foods:

Startup: Scandalous Foods

• Founders:
  • Sanket S

Fundraising Details:

1. Seed Funding Round

   • Amount: ₹2 crore
   • Investors: New Age India Fund (lead investor), alongside other unspecified investors and a family office.
   • Date: Ongoing (current as of 2024)
2. Pre-seed Funding Round
   • Amount: ₹3 crore
   • Investors: Indian Angel Network and others
   • Date: February 2024

Key Points:

• Business Focus: B2B Indian sweets brand aiming to strengthen its distribution network and expand production capacity.
• Growth: Reported 7x growth in 2024, selling over 2 million cups of sweets across nine cities.
• Target Market: Initially focused on key account HoReCa clients, now expanding to SME HoReCa and caterers.

Future Plans:

• Introduction of 2-3 new products and expansion into new sub-channels within existing markets.

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2025-04-29 10:38:48