High Time Foods, a food technology startup based in Bengaluru, has raised $1.2 million in a funding round led by Avaana Capital, an early-stage investment firm, with the help of current angel investors.
The money raised will be used to scale partnerships, grow the team, and develop new products in India, the US, and emerging Global South markets.
Aakash Shah and Damian Felchlin founded the startup in 2022 with the goal of addressing protein deficiencies in markets with inadequate cold chain infrastructure by creating non-refrigerated, plant-based protein products.
The company, which was founded in the United States, has now moved its headquarters to India following the completion of the funding round. 25% of its business is anticipated to come from India, with the remaining 75% coming from overseas markets.
More than 30 B2B customers, including food manufacturers, educational institutions, and dining establishments, are currently served by High Time Foods. Targeting the Horeca market and food producers, it intends to form at least 50 business-to-business (B2B) alliances in India by the end of 2025.
Through customer testing in West Africa with a major food distributor, the startup is also investigating expansion in Africa.
