Funding · Commerce & Consumer Brands
The Sweet Change raises ₹1.7 crore pre-seed round
By Startup Enthusiast ·
- Date
- Company
- The Sweet Change
- What it does
- Monk fruit sweetener brand
- Kind
- Funding
- Amount
- ₹1.7 crore
- Stage
- pre-seed
- Based in
- New Delhi
- Founded
- 2024
What they do
The Sweet Change makes gut-friendly sweeteners from monk fruit, allulose and prebiotic fibre
What happened
It raised a ₹1.7 crore pre-seed round led by accelerator Rebalance
Why it matters
The company claims 84% monthly growth and ₹1.69 crore first-year revenue, targeting India's $650 million sugar substitutes market
The details
- The Sweet Change raised ₹1.7 crore in a pre-seed round.
- The round was led by Rebalance, an early-stage accelerator and angel community.
- The company was founded in 2024 and is based in New Delhi.
- It positions itself as India's first gut-friendly monk fruit sweetener brand.
- Its products contain monk fruit, allulose, and prebiotic guar fibre, with no erythritol, artificial ingredients, or fillers.
- In March 2026, it launched sweetener drops made with monk fruit, water, and vitamin C.
- The funds will be used to expand distribution, launch new products, and accelerate the mission to reduce sugar consumption.
The bigger picture
- India's sugar substitutes market is estimated at over $650 million.
- The company achieved ₹1.69 crore first-year revenue and fulfilled over 15,000 customer orders.
- Monthly revenue jumped from ₹8 lakh to ₹50 lakh after the sweetener drops launch.
- It reports 84% compounded month-on-month growth over the last three months and 75% gross margins.
- The brand ranks among the top sweetener brands on Amazon India.
About the business
- The Sweet Change makes monk fruit-based sweeteners formulated with monk fruit, allulose, and prebiotic guar fibre.
- It launched sweetener drops in March 2026, containing only monk fruit, water, and vitamin C.
- All products are free of erythritol, artificial ingredients, and fillers.
- The company claims one of the highest-concentration monk fruit formulations in India.
- It aims to become the default sugar replacement brand for Indian households, cafés, foodservice, and packaged food companies.
- It generated ₹1.69 crore revenue in its first year and fulfilled over 15,000 customer orders.
- Monthly revenue grew from ₹8 lakh to ₹50 lakh after the sweetener drops launch.
- The brand ranks among the top sweetener brands on Amazon India.
What happens next
- Expand distribution.
- Launch new products.
- Accelerate mission to reduce sugar consumption.
The deal
- Type
- pre-seed
Investors
- Rebalance (lead) — Early-stage accelerator and angel community founded in 2019, co-founded by Aishwarya Malhi and Vikas Kumar. Invests up to $250,000 in pre-seed and seed-stage startups. Has backed 30 startups.
- IAN Angel Fund (participant) — Investor group associated with IAN Angel Fund.
Founders
- Manvi Agnihotri, co-founder and CEO
- Sheen Hitaishi, co-founder
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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