In a significant milestone for the confectionery industry, Scandalous Foods, the one-stop-shop for delectable delights, has successfully raised Rs 1.6 crore in its pre-seed funding round. The funding was co-led by Anthill Angel Fund, EvolveX, Value360, and Sapphireink, with notable participation from industry stalwarts including Sagar Daryani, Kamnaa Aggarwal, Vikas Aggarwal, and Harpal Singh Sokhi.
The infusion of capital comes at a crucial juncture for Scandalous Foods, a business-to-business enterprise founded in August 2022 by Sanket S and Pravesh Amin. The company specializes in empowering the sweets industry within the restaurant sector, offering preservative-free sweets with an impressive 6-month shelf life conveniently packaged in single-serve sizes.
According to a press release by Scandalous Foods, the freshly acquired funds will be strategically allocated towards crucial areas such as product development, expansion of its production unit located in Nasik, automation of production processes, and an ambitious plan to increase its market reach from 250 touchpoints to an impressive 2000 within the following year.
Notably, the company’s primary focus revolves around cloud kitchens, and it harbours plans to diversify its offerings across various segments within the food service industry. Scandalous Foods is set to introduce an exciting range of products, including mithai bars, cookies, cupcakes, and sachets, catering to the burgeoning demand for spontaneous indulgence.
The company’s success is underscored by a remarkable 10x increase in customers and monthly orders over the past three quarters. In addition, Scandalous Foods proudly asserts the sale of nearly 14 lakh pieces of sweets, with its frozen food maintaining an impressive 97% retention of freshness, texture, and taste.
With a vision to tap into the expansive HoReCa (Hotel, Restaurant, and Catering) industry, Scandalous Foods appears poised for substantial growth. The infusion of funds propels the company’s expansion plans and solidifies its position as a frontrunner in the competitive sweets market.
As Scandalous Foods continues redefining the sweets industry landscape, the recent pre-seed funding round stands as a testament to the investor community’s confidence in the company’s vision and potential. With a commitment to quality, innovation, and an unwavering focus on customer satisfaction, Scandalous Foods seems set to leave a lasting imprint on the culinary world.
