Scandalous Foods Raises Rs 3 Cr in Angel Round; Targets $12 million Funding in Coming Months

Sweet brand Scandalous Foods that’s catering to the restaurant and catering sectors, is excited to announce its ambitious goal of raising $12 million in the coming months. 

This move comes on the heels of a successful pre-seed funding round in February 2024, where the company secured ₹3 crore from various esteemed angel investors.

The pre-seed round, completed with the backing of seasoned investors, including KRS Jamwal, Mrunal Jhaveri, Arjun Vaidya of V3 Ventures, Ajay Mariwala, MD of VKL and FSIPL, and celebrity Chef Harpal Singh marked a significant milestone for Scandalous Foods. 

These funds have already catalyzed growth, enabling the company to expand its production capabilities and establish a larger facility.

“Our recent pre-seed funding has laid a strong foundation for our growth. The additional ₹3 crore has allowed us to enhance our production and cater to a broader clientele. As we prepare to raise $12 million, we are more committed than ever to revolutionizing the Indian sweets landscape. Our vision is to blend tradition with innovation, creating sweets that resonate with both contemporary and traditional palates,” shared Sanket S., Co-Founder of Scandalous Foods.

Scandalous Foods has demonstrated robust growth, with a 22% year-over-year increase in FY24. Notably, the company saw a remarkable 75% growth in the last quarter (January–March 2024) compared to the previous quarter (October-December 2023). 

The company aims to leverage this enhanced capacity to strengthen its presence in key markets, including Mumbai and Nasik, and build a robust HoReCa base. 

As Scandalous Foods embarks on its next phase, it remains focused on delivering exceptional Indian sweets that cater to evolving consumer tastes. 

The upcoming funding round will enable the company to introduce innovative products, launch its Mithai parlors expand its offerings, and become a category leader in the industry.

Founded in August 2022 and led by Sanket S, and Pravesh Amin, it is a pioneering venture aiming to revolutionize the sweets industry for the restaurant sector.