Evolved Foods, a company specializing in plant-based protein, recently completed its seed funding round with a significant investment of INR 7.3 crore. The round was led by Rainmatter Health, a venture supported by Zerodha, along with Kamala Capital.
The round also saw participation from Anvitha Prashanth and Aprameya Radhakrishna, as well as a group of angel investors including Rachel Goenka, Karan Khetarpal, B G Mahesh, Sushant Arora, Swapnil Shah, and Vananam Ventures Trust.
According to a press release by the company, the raised funds will be allocated towards enhancing efficiencies in both production and supply chain operations.
Founded by Roma Roy Choudhury, Evolved is a company that utilizes ingredients such as soy, coconut, and rice protein to create their signature product – Evolved Plant Meat. Setting it apart from the rest, the company proudly highlights that their offering is packed with 15% protein and contains less than 5% fat.
Roma Roy Choudhury, Founder & COO of Evolved, expressed their excitement about the journey they embarked on, stating, “Our product is the result of three years of extensive research and countless consumer trials. With the infusion of funds, we will enhance efficiencies across our production and supply chain operations, propelling us towards achieving our next milestones.”
Dilip Kumar, representing Rainmatter Health, shared his perspective on the investment, saying, “Most Indians face protein deficiency in their diets, and this is a significant issue. Evolved Foods’ approach to tackle this problem with their innovative plant-based foods, rich in protein, while also considering the carbon footprint, resonated with us. We are excited to join them on this journey.”
Pradeep Rao, CEO of Evolved, emphasized the growing consumer demand for plant-based and protein-rich food options both domestically and internationally. He stated, “Our mission is to make every meal powerfully delicious in a healthier and more sustainable way. This investment will accelerate our growth plans and enable us to capitalize on the strong order pipeline from domestic and export markets. With our range of offerings, we intend to take India to the world.”
Evolved dishes are now available for order from a variety of renowned establishments across Bengaluru, Mumbai, Delhi, and other locations. These establishments include popular restaurants, quick-service restaurants (QSRs), delivery kitchens, and star hotels. Among the notable names offering these innovative creations are Curefoods (Eatfit, HRX by Eatfit, Nomad Pizza, Olio Pizza), GOPIZZA, Shangri-La, Go Native, Royal Orchid, Toscano, and Trippy Goat.