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Funding · Commerce & Consumer Brands

Khetika raises $18M for brand and expansion

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Date
Company
Khetika
What it does
Preservative-free food products
Kind
Funding
Amount
$18M (≈₹153 crore)
Founded
2017
Sector
Commerce & Consumer Brands

What they do

Khetika sells preservative-free staples like batters, spices, and millet-based products

What happened

It raised $18M (₹153 crore) led by Narotam Sekhsaria Family Office and Anicut Capital

Why it matters

The round includes 30% secondary sale; revenue grew from ₹160 crore to ₹247 crore in FY25

The details

  • Khetika raised $18M (approximately ₹153 crore) in a funding round.
  • The round was led by Narotam Sekhsaria Family Office and Anicut Capital.
  • Existing investors Incofin India Progress Fund, Rajasthan Gum Pvt. Ltd., and Shree Ram India Gums Ltd. also participated.
  • The round consists of 70% primary capital (new money to the company) and 30% secondary sale (existing shareholders sell their shares; no new money reaches the company).
  • The company will use the funds for brand building, geographical expansion, and new clean-label products.
  • It also plans to set up new manufacturing facilities and expand internationally into Europe, the Middle East, and the US.
  • Khetika aims to reach a turnover of ₹2,000 crore in three years.

The bigger picture

  • Consumer awareness of healthy food and higher disposable incomes are driving growth.
  • Quick commerce now contributes ~25% of Khetika's sales and is its fastest-growing channel.
  • The company's revenue jumped from ₹160 crore in FY2023-24 to ₹247 crore in FY2024-25.

About the business

  • Khetika sells preservative-free staples including batters, spices, chutneys, millet-based products, makhana, dry fruits, and rice.
  • It uses traditional stone-ground methods for processing.
  • It sources directly from farmers across 14 Indian states such as Rajasthan, Gujarat, Punjab, Haryana, Andhra Pradesh, and Bihar.
  • The company operates 4 manufacturing facilities in India.
  • Its products are available on all major ecommerce and quick commerce platforms, and through its own distribution network SuperZop for kirana stores.
  • Khetika's website tagline is 'Goodness of Farm to Home' and it claims to offer 'India's 1st TOXIN FREE range of powdered and whole spices'.

What happens next

  • Use funds for brand building, geographical expansion, and new clean-label products.
  • Set up new manufacturing facilities.
  • Expand internationally into Europe, the Middle East, and the US.
  • Target turnover of ₹2,000 crore in three years.

The deal

Type
funding

Investors

Founders

  • Prithwi Singh, cofounder & CEO
  • Darshan Krishnamurthy, cofounder
  • Raghuveer Allada, cofounder

About Khetika

Product
Preservative-free staples, spices, chutneys, millet foods, and ready-to-eat products
Customers
Consumers buying packaged healthy foods and convenience meals
How it makes money
Sells packaged food products through a direct-to-consumer and retail model
What sets it apart
Direct sourcing from farmers and a clean-label, farm-to-fork supply chain
Operations
Sources from farmers across multiple Indian states and operates manufacturing facilities

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