Anveshan Raises $2 Million In Pre-Series A FundingThe fund raised will be used to hire talent, standardise operational processes and R&D of existing and new product categories

ByTeena Jose

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Company handout

Anveshan, a D2C healthy foods brand, has raised $2 million in pre-Series A funding round, led by DSG Consumer Partners, Force Ventures and We Founder Circle. The round also had participation Amit Jain and Amit Hooja (Netgraph, Vardhman Group), Rahul Sharma (Zetwerk) and many more. The fund raised will be used to hire talent, standardise operational processes and R&D of existing and new product categories. The company also plans to expand its reach in the premium retail stores of Mumbai, Delhi NCR, and Bengaluru.

"Anveshan's remarkable growth in the last two years has shown strong consumer demand for Indian-origin authentic food products. In general, heavy food processing in factories and the addition of preservatives has led to the deterioration of food quality in the market. Hence, we are setting-up micro food-processing units near the farms to bring the best of the food materials directly from farmers to consumers. This setup helps in efficiently shortening the supply chain, adding value to farmers' raw produce and generating employment opportunities in the rural areas," said the co-founders of Anveshan, in a joint statement.

Founded in 2020 by Aayushi Khandelwal, Akhil Kansal and Kuldeep Parewa, Anveshan provides minimally processed food products prepared traditionally in rural areas. The brand aims to deploy tech solutions to become 100 per cent transparent, traceable and quality controlled at every step of the supply chain.

"We are excited to deepen our partnership with the Anveshan team on their journey to build the leading 'minimally processed' food brand in India. The team is committed to empowering and facilitating fair-trade with the farmers by setting up micro-processing units near the farms. The brand has grown rapidly in a capital efficient manner and is well poised to be a leading food brand trusted by customers for quality, traceability and transparency," said Hariharan Premkumar, investment director and head of India, DSG Consumer Partners.
Wavy Line
Teena Jose

News Desk Reporter with Entrepreneur India

Teena is a post graduate in financial journalism. She has an avid interest in content creation, digital media and fashion.

Related Topics

Business News

'Awful Advice': Barbara Corcoran Slammed For 'Tone Deaf' Business Advice to Interns

The "Shark Tank" star shared tips on social media about how interns can increase their chances of getting hired full-time, but the public reaction didn't go as planned.

Business News

'This Is My Life Now': Man Hysterically Documents Elon Musk's 'X' Sign Blaring Flashing Lights Into His Bedroom Window

The sign, reportedly put up without a permit, is shining bright at X HQ in San Francisco.

Growing a Business

3 Ways Leaders Can Use Data to Grow in Shrinking Economies

Business leaders need to find a way to make sense of this dynamic environment and use it to their advantage — and they can do so with data. Here's how.

Growing a Business

3 Overlooked Keys to Success on TikTok

How to successfully leverage TikTok to grow your business

领导

How Tech Leaders Should Approach Layoffs — and How to Build Trust With Remaining Employees

How tech managers deal with team and workplace trauma amid layoffs will define how companies bounce back.

Money & Finance

How to Make Money Online: 10 Proven Ways to Make Money Online

Need to know how to make money online as a side gig or new career? Check out this breakdown of the 10 top online money-making methods.