Other Private Equity/Strategic Investments
Healthy snacking brand Open Secret raises Rs.50-Cr
Mumbai-based Open Secret has raised INR 50 crores in a funding round led by Desai Brothers Group, comprising INR 30 crores in primary equity and the remainder in institutional debt.Founded in 2019 by Ahana Gautam and Udit Kejriwal, Open Secret provides healthier alternatives to traditional snack options. The company offers a diverse portfolio including cookies, baked vegetable chips, protein powders, nuts, namkeen, cereals, and gift hampers.The company plans to use the new funds to strengthen its physical retail presence, which currently spans over 500 outlets, and to scale its product portfolio with an increased focus on savoury snacks.
Between Dec 2019 and Jun 2022, Open Secret had attracted about $ 8 M from Ananta Capital, Sixth Sense Ventures, Z47, Others.For FY25, Open Secret had reported about INR 85 Cr in Operating Income and about INR 7 Cr in Net Loss.
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