Narotam Sekhsaria Family Office and Anicut Capital lead $18M Series B investment for Khetika, with Incofin India Progress Fund, Rajasthan Gum, and Shree Ram India Gums also contributing to the equity round, as per an official announcement.
Mumbai-based clean-label food startup, Khetika, has raised $18 million (Rs 153 crore) in a Series B funding round, led by the Narotam Sekhsaria Family Office and Anicut Capital. The funding round also received continued support from existing backers, including Incofin India Progress Fund, Rajasthan Gum, and Shree Ram India Gums.
Founded in 2017, Khetika reported a revenue of ₹247 crore in FY25, marking over 50% year-on-year growth. With this funding, the company aims to achieve a 10X revenue jump to ₹2,000 crore within the next three years, focusing on channel expansion, product innovation, and brand scaling.
Khetika plans to expand internationally into key markets such as Europe, the Middle East, and the US. Within India, the company intends to grow its presence to cover 20 cities soon, eventually expanding to 40 cities by leveraging a "nano plant" manufacturing model. The brand is also set to scale its manufacturing capacity, with plans to increase its current footprint of four manufacturing facilities in Delhi, Mumbai, Ahmedabad, and Bihar.
Khetika is known for its farm-to-fork ethos, sourcing directly from farmers in 14 Indian states. The company offers a variety of preservative-free, clean-label food products, including batters, chutneys, millet staples, spices, makhana, dry fruits, and more. Distribution is managed through an omnichannel model, selling on major e-commerce and quick commerce platforms, alongside a B2B channel called SuperZop that supplies kirana stores, which remain the largest revenue segment. Quick commerce now accounts for 25% of sales, making it the fastest-growing channel.
About 70% of the $18 million is primary capital, with the remaining 30% allocated to secondary share sales to provide partial exits for early investors. Funds will be directed toward manufacturing expansion, product development, international market entry, and brand awareness campaigns.
Adithya Bharadwaj, Principal at Anicut Capital, expressed excitement about partnering with Khetika on its journey. "We are thrilled to invest in Khetika, a company that is not only revolutionising the clean-label food industry but also preserving and promoting Indian food heritage," he said.
With this funding and strategic approach, Khetika is positioned to lead India's clean-label staples market domestically and internationally. The company's headquarters are in Mumbai, and around 75% of its revenue comes from traditional retail networks. Nearly 30% of the latest infusion will go toward secondary share sales, providing partial exits to early investors such as SIDBI Venture Capital.
This news article is part of an international franchise of our brand name "India". The Series B round for Khetika has been completed, bringing the startup's total funding raised to approximately $25 million.
- The Series B funding round, led by the Narotam Sekhsaria Family Office and Anicut Capital, raised $18 million for Mumbai-based clean-label food startup, Khetika.
- With this funding, Khetika aims to achieve a 10X revenue jump to ₹2,000 crore within the next three years, focusing on channel expansion, product innovation, and brand scaling.
- About 70% of the raised funds are primary capital, with the remaining 30% allocated to secondary share sales to provide partial exits for early investors.
- This funding and strategic approach position Khetika to lead India's clean-label staples market domestically and internationally.
- Khetika, known for its farm-to-fork ethos and preservative-free, clean-label food products, has now raised a total of approximately $25 million in funding.
