Indic Wisdom, an agri-produce startup, has secured INR 4 crore in pre-Series A funding, with Inflection Point Ventures leading the round. Additionally, Mahendra Sankhe, Launch Capital, Bifco Finance, and several other High Net Worth Individuals (HNIs) participated in the investment.
The newly acquired funds will be used to enhance the brand’s visibility, expand its distribution network, and build production capacity toward increasing market presence and operational efficiency.
Established by Kaustubh Khare and Prajakta Khare, Indic Wisdom is a manufacturer of food staples, with a core focus on wood-pressed oils. It asserts its commitment to utilizing traditional methods of food preparation while consistently innovating and adhering to modern quality standards.
Inflection Point Ventures’ investment comes at a time when the global market for wood-pressed oil is anticipated to witness significant growth, with projections indicating an increase from $9.63 billion in 2022 to $18.61 billion by 2030, reflecting a compound annual growth rate (CAGR) of 8.57%.
“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,” said Rahul Wagh, Managing Director, Inflection Point Ventures.
“With the global wood-pressed oil market expected to grow from USD 9.63 billion in 2022 to USD 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,” Wagh added.
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Indic Wisdom emphasized its unique positioning in the market, attributing it to its internal manufacturing capabilities, stringent quality control protocols, and financial robustness, underscored by its positive Profit After Tax (PAT) status maintained over the last four years.
The company’s diverse array of oils and extensive presence across multiple channels highlight its distinctive standing within the industry. Indic Wisdom, operating on a notable scale, extracts 70 thousand liters of oil per month, demonstrating its considerable production capacity, as stated by the company.
Prajakta Khare, Founder and Director of Indic Wisdom said that company aims to blend ancient wisdom and food production practices with modern production best practices and quality standards. With India’s stature on the rise globally and its manufacturing sector promising great potential, Indic Wisdom aspires to represent the best of India’s traditions, focusing on purity, accessibility, and sustainable growth.
“In an era when India is rising in stature in the world and our manufacturing is being looked at with great promise, we believe we can be the embodiment of India’s best traditions, promoting purity and accessibility of food, sustainable growth for ecosystems, and responsible conduct in society,” said Khare.
With estimates suggesting that the Cold Pressed Oil market in India will potentially reach an estimated INR 40,000 crores by 2030, and the global market projected to approach $30 billion by 2028, the company strategically aligns itself to address the rising consumer demand for healthier and more sustainable oil products.
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