Anveshan raises Rs 150 Cr Series B led by Vertex Ventures to scale clean-label food play
Anveshan banks Rs 150 crore Series B from Vertex Ventures SEA & India, IFC, Swiggy's Sriharsha Majety and existing backers. At Rs 280-300 Cr ARR, the clean-label D2C brand is targeting Rs 1,000 Cr in 24-30 months via manufacturing, innovation, and omnichannel expansion in a $25.8B Indian healthy food market.
Clean-label food D2C brand Anveshan raised Rs 150 crore Series B led by Vertex Ventures SEA & India, with IFC, Swiggy's Sriharsha Majety and existing backers. Funds target manufacturing, innovation, and offline/online expansion; ARR Rs 280-300 crore.
Why this matters
Anveshan's Series B at a reported $90M valuation marks its biggest raise yet, doubling down on a clean-label play to push ARR from Rs 300 Cr toward Rs 1,000 Cr against incumbents like ITC, Nestle and HUL.
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