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Scandalous Foods primed for growth with an ambitious $12 mn funding goal
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Tuesday, 09 July, 2024, 16 : 00 PM [IST]
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Our Bureau, Mumbai
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Scandalous Foods, the innovator in the Indian sweets industry catering to the restaurant and catering sectors, is excited to announce its ambitious goal of raising $12 million in the coming months. This move comes on the heels of a successful pre-seed funding round in February 2024, where the company secured Rs 3 crore from various esteemed angel investors.
The pre-seed round, completed with the backing of seasoned investors, including KRS Jamwal, Mrunal Jhaveri, Arjun Vaidya of V3 Ventures, Ajay Mariwala, MD of VKL and FSIPL, and celebrity chef Harpal Singh marked a significant milestone for the company These funds have already catalysed growth, enabling the company to expand its production capabilities and establish a larger facility.
Sanket S., co-founder of Scandalous Foods, said, "Our recent pre-seed funding has laid a strong foundation for our growth. The additional Rs 3 crore has allowed us to enhance our production and cater to a broader clientele. As we prepare to raise $12 million, we are more committed than ever to revolutionising the Indian sweets landscape. Our vision is to blend tradition with innovation, creating sweets that resonate with both contemporary and traditional palates."
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