In a significant stride towards revolutionizing the Indian agricultural landscape, Elevate Foods has successfully secured US$525,000 in pre-seed funding. Spearheaded by Singapore-based climate-focused investors Wavemaker Impact (WMi), this investment underscores Elevate Foods’ commitment to empowering Indian farm-gate processors and facilitating their entry into global markets.
Led by Gayatri Bhatia, the visionary Founder of Elevate Foods, the company’s mission is to elevate Indian farm-gate processors by providing them with the necessary resources and assistance to meet international quality standards. This opens doors to global markets and addresses pressing issues such as sustainability and food waste reduction right at the source.
Elevate Foods’ approach is strategic and forward-thinking. The company aims to enhance sustainability and minimize waste by focusing on farm-gate food processing, effectively tackling the trillion-dollar food waste issue plaguing the industry. Gayatri Bhatia’s vision resonates deeply with the need for a more resilient and sustainable food ecosystem, and the recent funding round marks a significant step towards realizing this vision.
The partnership with The Asian Food Factory, a leading regional food distribution agency, adds another layer of credibility and potential to Elevate Foods’ mission. With ‘Bazaar’, their supermarket chain spanning Singapore and Southeast Asia, The Asian Food Factory recognizes the transformative impact of Elevate Foods’ approach in addressing the food waste crisis and reducing carbon emissions associated with it.
Quentin Vaquette, Founding Partner at Wavemaker Impact, lauds Elevate Foods’ efforts to align profit with purpose. By addressing the challenges processors face and fostering greater profit-purpose alignment, Elevate Foods is unlocking new opportunities and driving meaningful change across the agricultural and food processing sectors.
Abhay Sharma, CEO of The Asian Food Factory, echoes the sentiment, expressing excitement about collaborating with Elevate Foods to bring high-quality Indian agricultural produce to international markets. This collaboration emphasizes the shared commitment towards sustainable cross-border trade, reinforcing Elevate Foods’ pivotal role in reshaping the global food landscape.
In conclusion, Elevate Foods’ successful pre-seed funding round marks a crucial milestone in its journey to revolutionize Indian agri processing. With a steadfast commitment to empowerment, sustainability, and global market access, Elevate Foods is poised to make a lasting impact, not just within the Indian agricultural sector but globally.
