Funding · Healthcare & Life Sciences
The Sweet Change raises Rs 70 lakh from IAN Angel Fund
By Startup Enthusiast ·
- Date
- Company
- The Sweet Change
- What it does
- Natural sugar alternative maker
- Kind
- Funding
- Amount
- Rs 70 lakh
- Stage
- early-stage
- Founded
- 2024
What they do
The company makes natural zero-calorie sweeteners for health-conscious consumers and those managing diabetes
What happened
It secured Rs 70 lakh in early-stage funding led by IAN Angel Fund with Udaan Angel Partners
Why it matters
The startup has fulfilled over 12,000 orders and crossed Rs 1.5 crore in revenue since its 2024 launch
The details
- The Sweet Change raised Rs 70 lakh in an early-stage funding round.
- The investment was led by the IAN Angel Fund, part of the IAN Group evergreen fund.
- Udaan Angel Partners participated as a co-investor in this financing round.
- The founders plan to use the funds for product development and brand awareness initiatives.
- Expansion into e-commerce and quick-commerce channels is a key priority for the new capital.
- The company aims to build its team while entering cafes and the hospitality sector.
- Institutional partnerships are also targeted to broaden the distribution network beyond direct-to-consumer sales.
- This funding supports growth after the company achieved significant traction in its first year.
The bigger picture
- The startup targets health-conscious consumers seeking alternatives to traditional refined sugar.
- Its products cater specifically to individuals with medical conditions requiring strict sugar control.
- The focus on zero glycemic index addresses growing demand for diabetic-friendly food options.
- Early revenue crossing Rs 1.5 crore demonstrates strong initial market acceptance.
About the business
- The company produces natural sugar alternatives that contain zero calories and zero sugar.
- All products have a zero glycemic index suitable for diabetics and health enthusiasts.
- Direct sales occur primarily through the company's own website platform.
- Over 12,000 orders have been fulfilled via the direct-to-consumer channel alone.
- Revenue has crossed Rs 1.5 crore indicating robust commercial performance.
- The target audience includes both general health-conscious buyers and medical patients.
- Future expansion plans include partnerships with cafes and the broader hospitality industry.
- Institutional B2B partnerships are planned to scale distribution beyond individual consumer sales.
- Quick-commerce integration will allow faster delivery to urban customers across India.
What happens next
- Expand presence on e-commerce and quick-commerce platforms.
- Enter the cafe and hospitality sectors through partnerships.
- Build out the team to support scaling operations.
- Develop new products using the raised capital.
The deal
- Type
- equity
Investors
- IAN Angel Fund (lead) — An evergreen fund under the IAN Group focusing on early-stage investments.
- Udaan Angel Partners (co-lead) — Angel investment group participating in early-stage funding rounds.
Founders
- Manvi Agnihotri, Co-founder & CEO
- Sheen Hitashi, Co-founder & Chief Business Officer
About The Sweet Change
- Product
- Monk fruit-based sweetener powders and drops formulated with allulose and prebiotic guar fibre
- Customers
- Health-conscious consumers looking to reduce sugar intake without artificial sweeteners
- How it makes money
- D2C e-commerce and quick-commerce distribution of branded sweetener products
- What sets it apart
- Clean formula without erythritol, artificial ingredients, or fillers with rapid adoption across platforms
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