Angel Investments
Plant-based dairy-like products startup Goodmylk raises $1-M
Bengaluru-based food-tech startup GoodMylk has raised USD 1 million in a seed round extension from a clutch of domestic and international angel investors. Till date, the plant-based food startup has raised USD 1.8 million. Investors Jinisha Sharma, Aditya Agarwal (AIprime Nutritions Pvt Ltd), Victoria and Abhishek Shroff, Sustainable Food Ventures, Ice Breakers Technologies Syndicate via Angellist, and Bento Box join existing investors Sid Kothari, and VegInvest Trust, who also participated in this round. The fresh funds will be used for expanding the product portfolio and for better distribution across India. Founded in 2016 in a home kitchen by mother-son duo Veena S and Abhay Rangan, GoodMylk makes plant-based milk-like products from cashew and oats, along with peanut dahi, vegan mayo, butter and paneer. The firm has also launched chocolates from plant products.
From the Venture Intelligence PE-VC Deal Database: In Feb-20, Goodmylk raised over Rs.2-Cr from Veg Invest and others. (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)
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