Scandalous Foods Secures Rs 3 Crore in Pre-Seed Funding
Scandalous Foods, a dynamic business-to-business (B2B) startup, has triumphantly concluded its pre-seed funding round, amassing a noteworthy investment of Rs 3 crore. This achievement signifies a pivotal moment for the company as it gears up to revolutionize the restaurant sector’s confectionery landscape with its preservative-free offerings and innovative business model.
Led by the Indian Angel Network (IAN), the funding round saw enthusiastic participation from seasoned investors including KRS Jamwal, Mrunal Jhaveri, Arjun Vaidya of V3 Ventures, Ajay Mariwala, MD of VKL and FSIPL, and Sushma Gupta. Their combined contributions, highlighted by a recent infusion of Rs 1.4 crore, underscore the investor community’s confidence in Scandalous Foods’ vision and potential for growth.
With this substantial financial backing, Scandalous Foods is poised to embark on a transformative journey aimed at fortifying its market presence and expanding its product offerings. Founder Sanket S expressed optimism about the company’s trajectory, stating, “With the additional Rs 1.4 crore, we are better equipped than ever to innovate, expand, and cater to the growing demands of our diverse clientele. Our journey from a nascent startup to a trailblazer in the industry has been exhilarating, and this is just the beginning.”
Since its inception in August 2022, Scandalous Foods has emerged as a trailblazer in the B2B sweets sector, distinguishing itself with its commitment to quality, sustainability, and customer satisfaction. Specializing in preservative-free sweets tailored for the restaurant industry, the company has garnered acclaim for its emphasis on cloud kitchens and its ambitious plans for market expansion.
Looking ahead, Scandalous Foods intends to leverage its newly acquired funds to bolster its operational capabilities, including the establishment of a larger production facility. Moreover, the company aims to broaden its footprint within the food service industry, with strategic initiatives focused on cultivating a robust HoReCa (Hotel/Restaurant/Café) base in key markets such as Mumbai and Nasik.
In addition to enhancing its infrastructure and market reach, Scandalous Foods is poised to introduce exciting new products to its portfolio, including mithai bars and sachets. These innovations underscore the company’s commitment to catering to evolving consumer preferences and capturing new market segments, paving the way for future growth and diversification.
As Scandalous Foods continues to disrupt the traditional sweets market with its forward-thinking approach and unwavering dedication to excellence, the successful conclusion of its pre-seed funding round serves as a testament to its resilience and potential for sustained success. Armed with a compelling vision and ample financial resources, the company is well-positioned to leave an indelible mark on the culinary landscape, delighting customers and stakeholders alike with its delectable offerings and innovative business strategies.