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Ashish Gupta, one of the co-founders of Helicon Venture Partners, a Mauritius based venture capital firm, has led several investors to invest an undisclosed amount of investment in a Delhi based food startup Sattviko, said company sources on Wednesday.
The others that got involved in the funding round of Sattviko were identified as Sunil Chandiramani, EY Advisory Services and some senior private equity professionals added the sources.
Sattviko, a New-Delhi based packaged food product company, sells a wide variety of nutritious snack food items that includes makhanas and khakra through online and at airports as well.
Prasoon Gupta, while talking exclusively with the representative, said that the company will utilize the funding for internationalizing our products. Indians living in the United States, United Kingdom and in Dubai will be the early adopters of our products, added Mr. Gupta.
In a big achievement to the company, Sattviko was recognized as the best food brand of India by the Ministry of Skill Development during the Third National Entrepreneurship Awards in 2017 for promoting the traditional cuisines in combination with modern technology.
Sattviko was founded in the December month of 2013 by Ankush Sharma and Prasoon Gupta, an alumnus of Indian Institute of Technology, Roorkee.
Sattviko has witnessed four funding rounds, receiving around $320K from sixteen investors in last 6 years of time. The company has even acquired two organizations namely Call A Meal on 19th of November 2015 and FYNE Superfood on August 10th of 2016.
While it is unclear how many people are employed in Sattviko, information put on Crunchbase suggests that between 11-50 could possibly be working in the company.