Kikibix Raises $300,000 in Funding to Expand Product Line and Distribution Channels for Healthy Snacks in India
Healthy snacking startup Kikibix secures $300K funding from unicorn founders and VCs to disrupt the snack industry in India
1 April 2023
|
Abhisek Dash
Kikibix raises $300,000 from unicorn founders and venture capitalists to fuel their mission of revolutionizing healthy snacking in India.
The startup plans to expand its product line, increase distribution channels, and strengthen its supply chain network in major cities.
Kikibix offers eco-friendly packaging, preservative-free natural ingredients, and delicious snacks to meet the growing demand for healthy and sustainable snacking options.
Kikibix, a snacking startup, has recently raised $300,000 from the founders of nine unicorns and venture capitalists. This funding will help the company in expanding its product portfolio, increasing distribution channels, and strengthening its supply chain network.
The investors in this funding round include the founders of unicorns such as Cred, Razorpay, OYO, and Dream11. Additionally, prominent venture capitalists like Blume Ventures, Sequoia Capital, and Whiteboard Capital also participated in this funding round.
Founded in 2020 by two IIT graduates, Kikibix offers a range of healthy and tasty snacks made from locally sourced ingredients. The startup aims to revolutionize the snacking industry by providing healthy and delicious options to consumers, especially those who are health-conscious.
With the recent funding, Kikibix plans to introduce new product lines and expand its reach to more cities in India. The company is currently present in Mumbai, Delhi, and Bangalore and plans to expand to other major cities in the coming months.
Apply to Xartup Fellowship Program
Get ₹1.5 Crore Technical Funding
The COVID-19 pandemic has accelerated the shift towards healthy and sustainable snacking options, and Kikibix aims to capitalize on this trend. With the increasing awareness about health and wellness, consumers are looking for options that not only taste good but also provide nutritional value.
Kikibix has positioned itself as a brand that offers snacks that are both healthy and delicious. The company's products are made from natural ingredients, free from preservatives, and are a perfect fit for people who want to indulge in guilt-free snacking.
The startup's commitment to sustainability is also worth mentioning. Kikibix uses eco-friendly packaging for its products, and its supply chain network is designed to reduce carbon footprint.
In conclusion, Kikibix's recent funding round is a testament to the growing demand for healthy and sustainable snacking options in India. The company's focus on providing delicious and nutritious snacks, along with its commitment to sustainability, has resonated well with investors and consumers alike. With the new funding, Kikibix is poised for growth and is all set to disrupt the snacking industry.
Startup news delivered to your mail
Recommended for you
Budget 2023: Did it Live up to the Startup Ecosystem's Hopes?
Byju’s, Once Valued at $22 Billion, Faces Insolvency Proceedings
Budget 2024: FM Nirmala Sitharaman Abolishes Angel Tax to Boost Startups
