Mumbai-based Indic Wisdom secured $2 million in a pre-Series A funding round led by Rockstud Capital, an Indian alternative asset management firm, according to reporting by The Economic Times.
Headquartered in Mumbai, the startup manufactures and sells wood-pressed oils for cooking and personal care as well as ghee and natural sweeteners. Its product lineup includes sunflower oil, flaxseed oil, apricot oil, white sesame oil, walnut oil and safflower oil.
Indic Wisdom says the seeds it uses come directly from farmers and its manufacturing processes are designed to prioritize sustainability and preserve nutrients. Its offerings are available through the Indic Wisdom website as well as in retail stores and through e-commerce platforms such as Amazon, Zepto, BigBasket and Flipkart.
The company plans to put its additional funding toward boosting manufacturing, brand visibility and venture into the e-commerce sector. The new capital comes on the tail of a ₹4 crore funding raise announced in February of this year that Indic Wisdom invested in its distribution network and production capacity, Indian Startup News reported.
