The company will be able to expand its operations, improve its R&D capabilities, and scale its distribution and retail presence with the help of this investment.
The investment aims to support the company’s expansion efforts, enhance its brand portfolio, and strengthen its operational platform amid growing global demand in the food service industry.
The company focuses on sustainable and eco-friendly designs, ensuring that its kitchen and interior products cater to various design needs while minimizing environmental impact.
The investment will support Agrileaf’s plans to scale its operations in the US and European markets and establish a consumer-facing brand in India’s retail sector.
The round was led by existing investor Chimes Group and Srinivasan Namala of Porus Laboratories with participation from Hyderabad Angels, The Chennai Angels and other marquee HNI’s.
As India’s retail snacks market continues to grow, this sector was valued at Rs 426 billion for FY24 and is projected to reach approximately Rs 955 billion by FY32, growing at a CAGR of 11 percent.