Health-focused food brand Khetika has secured $18 million in a Series B funding round co-led by the Narotam Sekhsaria Family Office and Anicut Capital. Existing investors including Incofin India Progress Fund, Rajasthan Gum, and Shree Ram India Gums also participated in the round.
The latest infusion includes a secondary exit for SIDBI Venture Capital Limited (SVCL) and several early angel investors.
The funds will be used to scale Khetika’s product portfolio and upgrade its manufacturing infrastructure. The company intends to introduce a new range of ready-to-eat and regional items based on traditional recipes and clean-label processing methods. Khetika aims to triple its production capacity over the next 18 months, with investments directed toward automated units and regional hubs for faster and fresher delivery.
Founded in 2017 by Prithwi Singh, Darshan Krishnamurthy, and Raghuveer Allada, Khetika offers preservative-free, minimally processed products such as batters, chutneys, spices, millets, makhana, rice, and dry fruits. With a farm-to-fork model, it positions itself as a cleaner, healthier alternative in India’s growing food sector.
A portion of the capital will also go into enhancing SuperZop, Khetika’s supply chain platform, which currently connects more than 25,000 farmers across 14 states. The company plans to improve traceability and introduce real-time quality checks through the platform.
In parallel, Khetika is working on strengthening its domestic footprint while exploring export opportunities in the Middle East, Southeast Asia, and the UK to tap into demand from the Indian diaspora. It is also hiring across R&D, marketing, and operations, and allocating resources to grow brand awareness, retail collaborations, and direct-to-consumer channels.
The company’s products are sold via Amazon, BigBasket, Blinkit, modern retail outlets, and over 15,000 small stores.
In FY24, Khetika reported revenue of INR 163.8 Cr, a 32% increase over INR 123.7 Cr the previous year. Net losses narrowed by 30% to INR 9.6 Cr, down from INR 13.8 Cr in FY23.
In a conversation with Inc42, cofounder Singh revealed that the company recorded INR 247 Cr in revenues for FY25 and was close to breakeven. “Ongoing investments in building a team and facilities impacted its bottom line in the just-concluded fiscal,” Singh noted, referencing recent infrastructure additions such as a new batter plant in Delhi and a spice unit in Unjha, Gujarat.
Looking ahead, Singh said Khetika is targeting a 10X revenue growth over the next three years, driven by innovation in ready-to-cook and functional food categories. The company is also testing QR code-enabled packaging to allow customers to trace the origin and processing timeline of their food.
India’s health food sector is rapidly expanding, with an estimated market size of $30 billion by 2026. Startups like Slurrp Farm, The Whole Truth, Eat Better, and Tata Soulfull are part of this dynamic space, which continues to attract strong investor interest.
Earlier this year, Salad Days raised INR 30 Cr in Series A funding, and Farmley closed a $40 Mn Series C round led by L Catterton.
