[Funding News] Go DESi Secures Rs 41 Cr From Avishkaar Capital, Others

Go DESi Funding News - An equity investment of Rs 41 crore was raised by Go DESi, a packaged food business based in Bengaluru, in a funding round headed by Aavishkaar Capital. Existing investors Rukam Capital, Roots Ventures, and DSG Consumer participated in the investment round.

This fund will be used by Go DESi to expand its business regionally, increase the depth of its SKU presence, and develop and fortify its capacity.

Read also - freshworks Appoints Dennis Woodside as CEO, Founder Girish Mathrubootham Named Exec Chairman

Vinay Kothari, Founder, Go DESi, said, “There are immense opportunities in the packaged food industry in India, which is growing rapidly at 20–25 percent. The funding partnership with Aavishkaar Capital will help Go DESi strengthen its product portfolio, accelerate marketing, rapidly scale our geographic focus, and expand our distribution reach.”

It was also a part of the Upaya Agri cohort, Wadhwani Foundation's FMCG scale-up programme, and incubated at IIM Bangalore.

In addition, this round represents Aavishkaar India Fund VI's seventh investment in India's financial stability, sustainable agricultural, consumer, and environmental sectors.

Read also - [Funding News] Infinity Fincorp Raises Additional $8M from Archerman Capital in Extension of $26M Funding Led by Jungle Ventures

About Go DESi

Vinay Kothari and Raksha Kothari, a brother-sister duo, founded Go DESi in 2018, with the goal of being India's top DESi Impulse brand.

Want to go deeper into the world of startups and entrepreneurship? Check out these categories on VIESTORIES:

Startup Success Stories: Discover inspiring tales of startups overcoming challenges and achieving success.

Funding Startup News: Stay updated with the latest news and trends in startup funding and investment.

Advertisment

Startup Insights: Dive into in-depth analyses of various industries and market trends to make informed business decisions.