Funding · Commerce & Consumer Brands
1.5 degree raises $1m for plant dairy expansion
By Startup Enthusiast ·
- Date
- Company
- 1.5 Degree
- What it does
- Plant-based dairy operator
- Kind
- Funding
- Amount
- $1 million
- Stage
- Pre-Series A
- Based in
- Bengaluru
What they do
1.5 Degree makes plant-based dairy products like oat milk and yogurt for businesses
What happened
The company raised $1 million in a Pre-Series A round led by 35North Ventures
Why it matters
Funds will scale manufacturing and expand operations to Mumbai, Hyderabad, and Delhi cities
The details
- 1.5 Degree raised $1 million in a Pre-Series A funding round.
- The investment was led by 35North Ventures’ India Discovery Fund II.
- The operator of the brand is Natturz Bio Kontrol Pvt Ltd.
- The company focuses on institutional plant-based dairy and B2B contracts.
- Approximately 80% of revenue comes from long-term B2B contracts.
- Major clients include Compass Group and Sodexo.
- The funds will be used to scale manufacturing and multi-city expansion.
- Expansion targets include Mumbai, Hyderabad, and Delhi.
The bigger picture
- The company targets the growing demand for sustainable food alternatives.
- Its proprietary processing technology aims to suit the Indian palate.
- Products offer lower GHG emissions and reduced water usage compared to dairy.
About the business
- The company produces oat-based milks and creams using proprietary processing tech.
- Products are designed to match taste and texture preferences of the Indian consumer.
- Key attributes include being lactose-free, cholesterol-free, and environmentally friendly.
- The product portfolio includes plant-based milk, yogurt, tofu, cooking cream, gelatos, and frozen desserts.
- Sales channels include corporate cafeterias, educational institutions, and D2C via premium retail.
- D2C sales also utilize cloud kitchens for distribution.
- Current operations cover Bengaluru, Pune, and NCR.
- The business model relies heavily on long-term B2B contracts for stability.
- Expansion plans aim to reach major metropolitan markets beyond current cities.
What happens next
- Scale manufacturing capabilities to meet growing demand.
- Expand operations to Mumbai, Hyderabad, and Delhi.
The deal
- Type
- Pre-Series A
Investors
- 35North Ventures’ India Discovery Fund II (lead)
About 1.5 Degree
- Product
- Plant-based milk, yogurt, tofu, cooking cream, gelatos, frozen desserts and oat-milk beverages
- Customers
- Corporate cafeterias, hotels, educational institutions and large dining operations through food service providers
- How it makes money
- B2B institutional supply through long-term contracts with food service providers like Compass Group and Sodexo
- What sets it apart
- Proprietary processing technology addressing taste and flavour challenges in plant-based dairy tailored for Indian consumers
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