The pre-seed funding round for B2B confectionery startup Scandalous Foods, valued at Rs 3 crore, has concluded. Ajay Mariwala, MD of VKL and FSIPL, Sushma Gupta, and prominent angel investors Arjun Vaidya of V3 Ventures led the Indian Angel Network (IAN), which recently contributed Rs 1.4 crore under the direction of KRS Jamwal and Mrunal Jhaveri.
In the first round of pre-seed funding, which concluded in December of last year, Scandalous Foods raised 1.6 crore.
Scandalous Foods stated in a press release that the money will be used for expansion and the establishment of a larger production facility. These days, the company wants to get more involved in the food service sector and establish a strong HoReCa foundation in major cities like Mumbai and Nasik.
“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,” said Sanket S, founder of Scandalous Foods.
Co-founded in August 2022, Scandalous Foods is a business-to-business enterprise that enables the restaurant sector’s access to the confections industry. It provides six months’ worth of sweets free of preservatives. The business focuses on cloud kitchens in its operations and intends to diversify into other food service industries.
Scandalous Foods is a B2B company that plans to expand into B2B2C and B2C markets. They will soon be introducing mithai bars and sachets.
