Khetika raises $18M in Series B funding, eyes 10X revenue jump over three years
Clean-label brand Khetika is relying on its $18M round to expand manufacturing capacity, product portfolios, and enter new markets while targeting Rs 2,000 crore revenue in 3 years.
Clean-label food brand Khetika has raised $18 million in a Series B funding round led by Narotam Sekhsaria Family Office and Anicut Capital, according to a press note.
The equity round also witnessed participation from existing investors Incofin India Progress Fund, Rajasthan Gum and Shree Ram India Gums.
Founded in 2017 by Dr Prithwi Singh, Darshan Krishnamurthy, and Raghuveer Allada, Khetika offers food products including batters, chutneys, millet-based staples, and spices. It claims to have built a tech-enabled supply chain that directly sources from farmers across 14 Indian states.
It plans to undertake brand expansion, building its manufacturing capacity, entering international growth along with building its product portfolio.
It currently has plants in Delhi, Mumbai, Ahmedabad, and Bihar. It is looking to expand to 20 cities soon and then to 40 cities, using our nano plant mode
"We closed FY25 with ₹247 crore in revenue, up from ₹160 crore in the previous year. That’s over 50% year-on-year growth. We’re aiming to hit ₹2,000 crore in revenue in the next three years—a nearly 10X growth. The drivers will be channel expansion, entering international markets, product innovation, and scaling our brand," Dr Prithwi Singh, Co-founder and CEO of Khetika told YourStory.
Khetika's products are available on major quick commerce platforms and in modern and traditional retail storefronts. While quick commerce has been its fastest-growing network, it still gets about three-fourths of its revenue from traditional distribution.
“Indian households increasingly demand clean-label, health-focused foods that deliver on nutrition and transparency—precisely what Khetika provides. Prithwi, Raghu, Darshan and the Khetika team have demonstrated an exceptional grasp of sourcing networks, product development and the retail distribution landscape, and have built technology that drives measurable impact across the supply chain. It's exciting to partner with them on this journey," said Adithya Bharadwaj, Principal, Anicut Capital.
Including the latest round, the Mumbai-based startup has raised about $25 million. About 30% of the fresh funds would provide a secondary exit to its early investors like SIDBI Venture Capital.
Edited by Jyoti Narayan