Indic Wisdom, an innovative agri-produce startup, recently secured a significant boost, raising Rs 4 crore in a pre-Series A round led by Inflection Point Ventures. Alongside IPV, notable investors such as Mahendra Sankhe, Launch Capital, Bifco Finance, and several high-net-worth individuals joined this funding endeavour.
The infusion of capital marks a pivotal moment for Indic Wisdom, founded by Kaustubh Khare and Prajakta Khare, as they embark on a journey to revolutionize the agri-produce landscape. With a primary focus on wood-pressed oils, the startup employs traditional food preparation methods while integrating modern quality standards, thus embodying the ethos of combining ancient wisdom with contemporary innovation.
Indic Wisdom’s commitment to quality and authenticity has earned it a distinctive position in the market, with its range of oils gaining popularity across various distribution channels. Operating from its base in Mumbai, the company has demonstrated impressive scalability, boasting a monthly oil extraction capacity of 70,000 litres.
The infusion of funds comes strategically for Indic Wisdom, allowing the brand to amplify its visibility, fortify its distribution network, and bolster production capabilities. These strategic initiatives are poised to enhance market presence and drive operational efficiency, thereby solidifying the startup’s foothold in the competitive agri-produce sector.
The significance of this funding round extends beyond the success of Indic Wisdom alone. It also underscores the confidence of investors, particularly Inflection Point Ventures, in the potential of innovative startups within the agri-produce domain. IPV’s track record, highlighted by successful exits and impressive returns, further reinforces the optimism surrounding ventures like Indic Wisdom.
As Indic Wisdom charts its course forward, fueled by this latest round of funding, it seeks to expand its business and aims to champion a paradigm shift in how agri-produce is perceived and consumed. By marrying tradition with technology and sustainability, the startup exemplifies a new era of conscious consumerism, where heritage and innovation converge to redefine the future of food.
