Sattviko, a Delhi-based food-tech startup has raised an undisclosed amount in its pre-Series A funding round from a group of angel investors.
The round was led by Raman Roy, Chairman of Nasscom. Other angel investors who participated in this round include Arvind Uppal, Chairman, Whirlpool; Sonu Bhasin, founder Families and Business (FAB) ;G Karthik- Partner, Global Holdings; G Ravishankar, former CEO Jet Airways, among others.
Along with this funding round, the company has also announced that it has acqui-hired snacks company Indori Chotore, which is based out of Mumbai and Pune. No further details have been reveals related to this development.
Earlier, in August last year, the company had acquired FYNE Superfoods, a Delhi-based packaged food products company for an undisclosed amount.
Commenting on this, Prasoon Gupta, co-founder of Sattviko stated,
We aim to penetrate deeper into existing geographies and grow into newer cities in India. To achieve this goal, the brand is already working on launching new product lines in different parts of the India. Sattviko has proven that snacks can be tasty enough to tempt the taste pallet without compromising any of the nutritious value.
The startup was founded in 2013 by Prasoon Gupta, Ankush Sharma and Rahul Gupta. It runs quick-service restaurants and offers food without onion and garlic – and also sells ayurvedic products through its online marketplace.
Its list of clients include Spice Jet, Lufthansa, Taj Hotels, Chai Point and Tpot cafe, and the company claims to have been profitable since July 2016.