Indic Wisdom, a Mumbai-based company that produces wood-pressed oils, has raised $2 million in its pre-Series A round, which was led by Rockstud Capital and other investors.
Indic Wisdom, which was founded by Prajakta and Kaustubh Khare, offers a variety of products to meet the various demands and tastes of health-conscious customers, including cooking oils, multipurpose oils, and specialty oils. Refined oils, which frequently go through processing that can deprive them of important nutrients, are inferior to these oils, which are known for their high nutritional content, which includes fatty acids, essential vitamins, and antioxidants.
Their oils, which specialize in traditional extraction techniques based on lakdi ghani, retain their inherent flavors and nutrients. In order to give customers confirmed purity, it has also made significant investments in testing, research, and development.
The global market for cold-pressed/wood-pressed oil, estimated at $27.1 billion in 2021, is expected to grow at a compound annual growth rate (CAGR) of 5.7% until 2028, per market research. Domestically, the market is expected to grow at a compound annual growth rate (CAGR) of 5.9% from 2024 to 2032, from its current $9.1 billion to $15.6 billion, according to IMARC Group.
