Mumbai-based healthy food startup Khetika has raised $18 million in its Series B round of funding led by Narotam Sekhsaria Family Office and Anicut Capital, the company said in a press note today, July 7. Out of $18 million funding, 70 per cent comprised primary capital, while the remaining was secondary funds which will provide partial exits to early investors like SIDBI Venture Capital.

In the fresh round, Incofin India Progress Fund, Rajasthan Gum Pvt Ltd, and Shree Ram India Gums Ltd also participated. With this, the startup has raised a total of around $25 million to date. 

The startup plans to utilise the funding for brand building, geographical expansion, introduction of new clean-label food products, and setting up manufacturing facilities.

“Indian households increasingly demand clean-label, health-focused foods that deliver on nutrition and transparency, precisely what Khetika provides. The Khetika team has demonstrated an exceptional grasp of sourcing networks, product development, and the retail distribution landscape, and has built technology that drives measurable impact across the supply chain. It’s exciting to partner with them on this journey,” said Adithya Bharadwaj, principal, Anicut Capital.

Khetika was founded in 2017. The firm offers a diverse range of food products such as batters, chutneys, millet-based staples, and spices. It claims to operate a tech-enabled supply chain that sources directly from farmers across 14 Indian states.

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