Bengaluru-based packaged food startup Go DESi has secured Rs 41 crore in funding from Aavishkaar Capital. This investment represents the seventh funding round from the Aavishkaar India Fund VI.
Existing investors Rukam Capital, Roots Ventures, and DSG Consumer also participated in this funding round.
Founder of Go DESi, Vinay Kothari, stated, “The packaged food industry in India is experiencing rapid growth of 20-25%. The collaboration with Aavishkaar Capital will enable Go DESi to enhance its product range, boost marketing efforts, expand geographically, and extend distribution networks.”
Aavishkaar Capital’s Investment Director, Divya Gupta, praised Go DESi for establishing a strong brand and distribution network within a short period. Gupta added, “We see a significant opportunity in the evolving confectionery market in India and believe that Go DESi is well-positioned to capitalize on it.”
Utilization of Funds by Go DESi
The funding will be used by Go DESi to expand its business operations, increase product variety, and enhance production capacity.
About Aavishkaar Capital:
Aavishkaar India Fund VI, a USD 150 million fund, focuses on impact investments in sectors such as financial inclusion, sustainable agriculture, climate, consumer goods, and healthcare in India, as per Aavishkaar Group.
Aavishkaar Capital’s previous investment in millet-based food brand Soulfull was later acquired by Tata Consumer Products.
About Go DESi
Go DESi is a packaged food brand that celebrates regional flavors and influences. Launched in 2018 by siblings Vinay Kothari and Raksha Kothari, Go DESi has gained recognition on Shark Tank Season 2 and participated in Startup Mahakumbh. The brand has sold over 15 million units and is available in 40,000+ stores nationwide.
(Source: Agencies)
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