Scandalous Foods Raises Rs 3 crore in Pre-seed Round

In a significant move to bolster its innovation and expansion spree, Scandalous Foods, has announced completion of its pre-seed funding round with an impressive total of Rs 3 crore. 

The most recent infusion of Rs 1.4 crore from the Indian Angel Network (IAN), spearheaded by seasoned investors KRS Jamwal and Mrunal Jhaveri and notable angel investors Arjun Vaidya of V3 Ventures, Ajay Mariwala, MD of VKL and FSIPL, and Sushma Gupta, signals the successful completion of this funding phase.

“This funding round is not just about financial growth but a testament to our belief in our vision to redefine the Indian sweets landscape in the post meal consumption space. With the additional Rs 1.4 crore, we are better equipped than ever to innovate, expand, and cater to the growing demands of our diverse clientele. Our journey from a nascent startup to a trailblazer in the industry has been exhilarating, and this is just the beginning,” shared Sanket S., Founder of Scandalous Foods.

This financial milestone follows the company's strategic use of earlier funds to establish a larger production facility, setting the stage for an ambitious expansion. 

With enhanced production capabilities, Scandalous Foods is now poised to broaden its footprint across the food service industry and build a robust HoReCa base in key markets, including Mumbai and Nasik.

“Scandalous Foods stands out with its unique proposition in the Indian sweets segment, especially in the B2B space. Their approach to combining tradition with innovation is precisely what the industry needs. We are excited to support Scandalous in their journey towards becoming a leader in the food service industry. Their vision aligns with our commitment to backing businesses that have the potential to scale and make a significant impact,” added Mrunal Jhaveri founding partner at Ice.vc and leading the round at Ian with KRS Jamal.

The company's strategic investment in a bigger production unit underscores its commitment to quality and scalability. Scandalous Foods' ambition to revolutionize the Indian sweets scene is supported by its dedication to product excellence and customer satisfaction. By partnering with key accounts across India, the company aims to enhance its offerings and accessibility, further cementing its position in the market.

As Scandalous Foods moves forward, it remains focused on its mission to deliver exceptional Indian sweets that cater to the evolving tastes and preferences of consumers. 

With this completed funding round, the company is set to embark on its next phase of growth, promising to bring more innovative and delightful sweets to tables across India. Scandalous Foods operates with a focus on cloud kitchens and plans to expand to various food service segments like wedding catering, corporate catering, and large-format commissaries. In the near future, the brand is set to introduce mithai bars and sachets, catering to spontaneous indulgence.