Private Equity

Angel Investments

Chutney maker Spice Story raises Rs.3.4 Cr from Venture Catalysts, others

YourStory  

Chutney maker Spice Story has raised INR 3.4 crore funding from Venture Catalysts, Nafa Capital, Ventureland Asia, and Maxar.vc and other angel investors. Run by Globalvalue Food and Condiments Pvt Ltd., the Mumbai-based startup makes ethnic Indian chutneys in a sauce form and packages them in bottles. Founded in 2019, Spice Story claims that its products are available in over 1,500 stores across cities. The firm closed FY2020-21 with a revenue of INR 1.5 crore. The startup sells its products through a mix of offline and online channels, with ecommerce accounting for around 40% of its revenue.