PE-VC Fund Investments
Protein bars seller Phab raises $4-M led by OTP Ventures, Chona Family Office
Mumbai-based healthy snacking company Phab has raised USD 4 million in a Pre-Series A funding round led by OTP Ventures and Chona Family Office.Founded in 2018 by Ankit Chona and Gayatri Chona, Phab sells protein bars and milkshakes. The company plans to use the new funds for brand building, scaling its geographic footprint, expanding distribution, and strengthening its leadership team.The latest round follows a USD 2 million seed round raised about a year ago, which was also led by OTP Ventures with participation from Capri Global, Sim & San Law Firm, and other angel investors. Phab sells its products through e-commerce and quick commerce platforms, as well as offline outlets.
In Apr 2025, phab had attracted about $ 2 M from Capri Global Holdings, OTP Ventures and others.
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