Packaged food maker Alimento Agro Foods has raised INR 52 crore in a Series A funding round led by IvyCap Ventures, marking a strong vote of confidence in India’s evolving convenience food market. Founded in 2015 by Prateek and Mugdhaa Bhagchandka, the company has steadily built a portfolio that blends familiarity with modern consumption habits.
The fresh capital will be used to expand manufacturing capacity, strengthen its nationwide distribution network, and invest in product development across its brands. Alimento operates MOM Meal of the Moment, which focuses on instant home style meals such as dal chawal and rajma rice, aimed at urban consumers who want comfort food without the effort. Its other brand, Gimi Gimi, plays in the fast growing Korean inspired noodles segment, tapping into younger audiences influenced by global food trends.
Over the years, Alimento has positioned itself as a brand builder rather than a single product company. CEO Prateek Bhagchandka has spoken about creating a house of brands that stays rooted in cultural relevance while adapting to changing tastes. This approach has helped the company stand out in a crowded FMCG space where speed, taste, and recall matter equally.
The funding comes at a time when demand for packaged and ready to eat foods is rising across metros and smaller cities alike. With improved supply chains and increasing acceptance of premium convenience foods, startups like Alimento are finding room to scale alongside established players.
As it grows, Alimento will be competing with heavyweights such as ITC, Tata Consumer Products, MTR Foods, and iD Fresh Food. The new funding gives it the firepower to sharpen its brand presence and expand reach, as it looks to become a meaningful name in India’s packaged food landscape.
