VC Fund Investments
Healthy food brand Anveshan raises Rs.30-Cr from DSG, Wipro, angels
Bengaluru-based healthy food brand Anveshan has raised INR 29.86 crore (USD 3.5 million) in a Series A round through the issue of 1,178 Series A CCPS (compulsorily convertible preference shares) and 10 equity shares at INR 2,51,367 per share. The round was led by Wipro Enterprises and saw participation from DSG Consumer Partners, Titan Capital, boAt co-founders Aman Gupta and Sameer Mehta, and AngelList. Post allotment, the company is to be valued at INR 430 crore.The fresh funds will be used by the company to strengthen its long-term financial resources.Founded in 2020 by Aayushi Khandelwal, Akhil Kansal and Kuldeep Parewa, Anveshan is a food-tech startup which claims to sell minimally processed, farm-fresh and traditional food products.
Between Feb-21 and Apr-22, Anveshan had attracted about USD 2.9 M from DSG Consumer Partners, Avaana Capital, others
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