Scandalous Foods, a sweet startup, is in talks with VCs to raise USD 12 million in the coming months. This move comes on the heels of a pre-seed funding round in February 2024, where the company secured Rs 3 crore from various esteemed angel investors.
The pre-seed round, completed with the backing of seasoned investors, including KRS Jamwal, Mrunal Jhaveri, Arjun Vaidya of V3 Ventures, Ajay Mariwala, MD of VKL and FSIPL, and celebrity Chef Harpal Singh marked a significant milestone for Scandalous Foods. These funds have already catalysed growth, enabling the company to expand its production capabilities and establish a larger facility.
Sanket S., Co-Founder of Scandalous Foods, expressed his optimism: “Our recent pre-seed funding has laid a strong foundation for our growth. The additional Rs 3 crore has allowed us to enhance our production and cater to a broader clientele. As we prepare to raise USD 12 million, we are more committed than ever to revolutionising the Indian sweets landscape. Our vision is to blend tradition with innovation, creating sweets that resonate with both contemporary and traditional palates.”
The company aims to leverage this enhanced capacity to strengthen its presence in key markets, including Mumbai and Nasik, and build a robust HoReCa base. As Scandalous Foods embarks on its next phase, it remains focused on delivering exceptional Indian sweets that cater to evolving consumer tastes.
The upcoming funding round will enable the company to introduce innovative products, launch its Mithai parlours expand its offerings, and become a category leader in the industry.
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