Alimento Agro Foods raises Rs 52 Cr in Series A led by IvyCap Ventures

Packaged food startup Alimento Agro Foods Pvt Ltd, has raised INR 52 crore (around $5.8 million) in a Series A funding round led by IvyCap Ventures.

The startup will use the funds to increase manufacturing capacity, expand its distribution network across India and develop new products for its brands, MOM Meal of the Moment and Gimi Gimi.

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“Both brands are seeing steady traction, and this investment will help us scale manufacturing, distribution, and innovation,” said Prateek Bhagchandka, Founder and CEO of Alimento Agro Foods.

Mugdha Bhagchandka, cofounder and COO, said the company plans to build several consumer food brands over the long term.

Vikram Gupta, founder and Managing Partner at IvyCap Ventures, said the investment was motivated by Alimento’s strong product positioning and early market traction. IvyCap has a history of backing consumer and tech driven businesses across sectors.

About Alimento Agro Foods

Founded by Prateek Bhagchandka and Mugdha Bhagchandka, Alimento operates in two fast growing food categories. Its brand MOM Meal of the Moment offers instant meals and snacks focused on taste and convenience, targeting urban consumers seeking quick meal options. The brand has gained traction in both ready to eat and ready to cook segments.

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Its second brand, Gimi Gimi is a Korean-style noodle brand for Indian consumers. The company is leveraging growing interest in global flavors, especially Korean cuisine, to expand the brand nationwide.

Alimento Agro Foods aims to build a portfolio of mass-market convenience and instant food brands, competing with both established FMCG players and newer direct-to-consumer brands.

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