D2C brand Spice Story raised Rs 70 lakh at 5% equity from Namita Thapar

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Direct-to-consumer (D2C) brand Spice Story raised Rs 70 lakh at 5% equity from Namita Thapar, executive director of Emcure Pharmaceuticals in the Shark Tank India show aired on January 26, 2023.

Spice Story has a large selection of modernised local chutneys. Globalvalue Food and Condiments pvt ltd curates these from various parts of the country. It currently competes with Veeba, Ching’s Secret, Wingreens, and Dabur in the overall dips, sauces, and spread category. The startup intends to use the recently raised funds to introduce a newer category of products to its customers and to build a distribution network. According to the company, it has sold over 1.5 million units since its inception and is available on all major e-commerce platforms, as well as 300 key modern format store outlets in five cities: Mumbai, Delhi, Bangalore, Hyderabad, and Kolkata.

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StartupNews.fyi is a leading global startup and technology media platform known for its end-to-end coverage of the startup ecosystem across India and key international markets. Launched with the vision of becoming a single gateway for founders, investors, and ecosystem enablers, StartupNews.fyi has grown steadily over the years by publishing tens of thousands of verified news stories, insights, and ecosystem updates, reaching millions of startup enthusiasts every month through its digital platforms and communities.

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D2C brand Spice Story raised Rs 70 lakh at 5% equity from Namita Thapar

Direct-to-consumer (D2C) brand Spice Story raised Rs 70 lakh at 5% equity from Namita Thapar, executive director of Emcure Pharmaceuticals in the Shark Tank India show aired on January 26, 2023.

Spice Story has a large selection of modernised local chutneys. Globalvalue Food and Condiments pvt ltd curates these from various parts of the country. It currently competes with Veeba, Ching’s Secret, Wingreens, and Dabur in the overall dips, sauces, and spread category. The startup intends to use the recently raised funds to introduce a newer category of products to its customers and to build a distribution network. According to the company, it has sold over 1.5 million units since its inception and is available on all major e-commerce platforms, as well as 300 key modern format store outlets in five cities: Mumbai, Delhi, Bangalore, Hyderabad, and Kolkata.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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Editorial Team
StartupNews.fyi is a leading global startup and technology media platform known for its end-to-end coverage of the startup ecosystem across India and key international markets. Launched with the vision of becoming a single gateway for founders, investors, and ecosystem enablers, StartupNews.fyi has grown steadily over the years by publishing tens of thousands of verified news stories, insights, and ecosystem updates, reaching millions of startup enthusiasts every month through its digital platforms and communities.

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