Angel Investments
B2B sweets seller Scandalous Foods raises Rs.1.4 Cr led by IAN
Mumbai- based B2B (business-to-business) sweets startup Scandalous Foods has completed its pre-seed funding round at INR 3 crore. The most recent infusion of INR 1.4 crore came from the Indian Angel Network (IAN), spearheaded by KRS Jamwal and Mrunal Jhaveri and angel investors Arjun Vaidya of V3 Ventures, Ajay Mariwala, MD of VKL and FSIPL, and Sushma Gupta. Scandalous Foods had raised 1.6 crore in the first tranche of the pre-seed funding round in December last year.The fresh capital will be used to establish a larger production facility. The firm also looks to broaden its footprint across the food service industry and build a robust HoReCa base in Mumbai and Nasik.Co-founded in August 2022, Scandalous Foods enables delivery of sweets to the restaurant sector. It offers preservative-free sweets with a 6-month shelf life. The company focuses on cloud kitchens and plans to expand to other food service segments.
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