Intergrow, a spice maker firm, has raised $11.3 million (approx INR 80 crore) from Investcorp, a global alternative asset manager, reported Yourstory.
Investcorp’s has made an investment in Intergrow in order to support businesses with sustainable grow prospects in the consumption driven Indian market.
Girish Nadkarni, Partner and Co-head of Private Equity at Investcorp India, said, “Intergrow has a strong management team led by CEO Ashok Mani. We are impressed with the team’s ability to develop new innovative products for the Indian market and provide quality products to consumers.”
The Kerala-based Intergrow was launched in 2014. It product ranges from packaged spices, marinades, sauces and seasonings to premium gourmet food and tea.
The company Intergrow claims to have become the second largest player in Kerala’s packaged spices market under the “Kitchen Treasures” brand.
It also operates under brands ‘Sprig’ and ‘TE.A’, offering gourmet food products and cold green tea, respectively.
Intergrow plans to grow global with food, nutraceutical, cosmetics, and pharmaceutical companies in Europe and the US.
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