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Indic Wisdom raises Rs 4 crore in Pre-Series A Round led by Inflection Point Ventures
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Saturday, 24 February, 2024, 08 : 00 AM [IST]
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Our Bureau, Mumbai
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Indic Wisdom, an agri-produce startup raised Rs 4 crores in Pre-Series A Round led by Inflection Point Ventures. Mahendra Sankhe, Launch Capital, Bifco Finance, and other HNIs also participated in the round. The funds will be utilized to enhance the brand’s visibility, expand its distribution network, and build production capacity toward increasing market presence and operational efficiency.
Indic Wisdom Pvt. Limited traces its inspiration to India’s egalitarian culinary traditions. Growing up learning that food should always be natural and always shared with everyone, Kaustubh Khare and Prajakta Khare founded the brand to contemporize that civilizational wisdom and produce goodness at scale, with a focus on wood-pressed oils.
Kaustubh, with 15 years in SAP ERP specializing in Digital Supply Chain Management, serves as Founder and Director. Prajakta, Co-Founder and Director, has 14 years of expertise in SAP ERP, focusing on CRM, Campaign Management, and Digital Distribution Management. Their operational dexterity, corporate experience, and dedication drive Indic Wisdom’s tireless endeavor to deliver nurture’s peerless purity and India’s cultural mores in each drop.
Rahul Wagh, managing director, Inflection Point Ventures, said, “Conventional oils encounter issues concerning their quality, safety, nutrient content, and environmental impact. Choosing wood-pressed oils gives a healthier and more sustainable choice for both manufacturers and consumers. With the global wood-pressed oil market expected to grow from $9.63 billion in 2022 to $18.61 billion by 2030, at a compound annual growth rate (CAGR) of 8.57%, there's a clear shift towards the healthier alternatives. This, with increasing awareness about the health concerns related to conventional oils, brings us here, to the right path that our ancestors paved.”
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