Anveshan Secures $16M Series B Funding
Clean-label food startup Anveshan has successfully closed a Rs 150 crore ($16 million) Series B funding round. The investment was led by Vertex Ventures Southeast Asia & India, with participation from the International Finance Corporation (IFC) and notable angel investors, including Swiggy co-founder Sri Harsha Majety and boAt co-founders Aman Gupta and Sameer Mehta.
Company Background and Traction
Founded in 2020 by Kuldeep Parewa, Akhil Kansal, and Aayushi Khandelwal, Anveshan focuses on minimally processed, traditional food products such as A2 bilona ghee, cold-pressed oils, and raw honey. The company has demonstrated strong growth, reporting Rs 77.08 crore in operating revenue for FY25—a 64.6% increase over the previous year. The company currently claims an annual revenue run rate of Rs 280-300 crore and has set an aggressive target to reach Rs 1,000 crore within the next 24-30 months.
Strategic Use of Capital
The new funding will be directed toward:
- Scaling manufacturing and supply chain infrastructure
- Broadening the atta (flour) product portfolio
- Expanding offline distribution networks
- Enhancing digital presence and direct-to-consumer channels
- Investing in sourcing, procurement, and quality assurance systems
Market Context and Founder Takeaways
This round highlights the continued investor appetite for tech-enabled supply chains in the D2C food sector. For founders, Anveshan serves as a case study in balancing rapid revenue growth with the complexities of building a rural-first sourcing network. Despite widening losses—which rose to Rs 11.88 crore in FY25—the strong backing from institutional investors like Vertex and IFC suggests a market belief in the long-term scalability of the ‘clean-label’ movement in India.