Scandalous Foods, a rapidly growing B2B sweets startup, has announced the successful completion of its pre-seed funding round, securing a total of INR 3 crore. The latest infusion of INR 1.4 crore came from the Indian Angel Network (IAN), led by KRS Jamwal and Mrunal Jhaveri, along with notable angel investors Arjun Vaidya of V3 Ventures, Ajay Mariwala, MD of VKL and FSIPL, and Sushma Gupta.
The startup had raised INR 1.6 crore in the first tranche of the pre-seed funding round in December last year.
Continue Exploring: Scandalous Food bags INR 1.6 Cr in pre-seed funding round for expansion
The newly acquired funds will be utilized by the company to establish a larger production facility and expand its operations. Scandalous Foods aims to broaden its footprint across the food service industry and build a robust HoReCa (Hotel, Restaurant, and Catering) base in key markets, including Mumbai and Nashik.
Founder of Scandalous Foods, Sanket S, expressed his excitement about the additional funding, stating, “With the additional INR 1.4 crore, we are better equipped than ever to innovate, expand, and cater to the growing demands of our diverse clientele. Our journey from a nascent startup to a trailblazer in the industry has been exhilarating, and this is just the beginning.”
Established in August 2022, Scandalous Foods is a B2B company focused on revolutionizing the sweets industry for the restaurant sector. Offering preservative-free sweets with a six-month shelf life, the company presently operates solely within the B2B domain. However, it aims to penetrate the B2B2C and B2C markets. Additionally, Scandalous Foods is set to introduce mithai bars and sachets in the near future, enhancing its product range.
“Scandalous Foods stands out with its unique proposition in the Indian sweets segment, especially in the B2B space. Their approach to combining tradition with innovation is precisely what the industry needs. We are excited to support Scandalous in their journey towards becoming a leader in the food service industry. Their vision aligns with our commitment to backing businesses that have the potential to scale and make a significant impact,” added Mrunal Jhaveri, founding partner at Ice.vc and leading the round at Ian with KRS Jamal.
