How Much Did Snackible Raise? Funding & Key Investors

Snackible has successfully raised funding over six rounds, with the latest being a Series A round. The company is supported by 19 investors, including HEM ANGELS and Mitesh Nandlaskar.

Keep reading to explore the intricacies of Snackible's fundraising journey and the investors backing this innovative platform.

What Is Snackible?

Snackible is a health-food production company based in Mumbai, Maharashtra, India. The company specializes in selling healthy snacks through both online and offline channels. Snackible operates in various industries, including Confectionery, E-Commerce, Food and Beverage, Food Delivery, Nutrition, Organic Food, and Snack Food.

Founded with the mission to offer guilt-free snacking options, Snackible employs between 11-50 people. The company emphasizes the use of healthy ingredients, providing snacks that are baked, high in protein, and free from refined sugar and palm oil. Their product range includes chips, puffs, cookies, and other snacks catering to different dietary preferences.

How Much Funding Has Snackible Raised?

1. Round Name: Angel
   • Amount Raised: USD 175,000
   • Date: April 2017
   • Lead Investors: Not publicly disclosed
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To expand product reach and enhance distribution channels.
2. Round Name: Seed
   • Amount Raised: Not publicly disclosed
   • Date: October 2018
   • Lead Investors: Mumbai Angels
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To scale up operations and meet growing demand for healthy snacks.
3. Round Name: Seed
   • Amount Raised: Not publicly disclosed
   • Date: January 2020
   • Lead Investors: Not publicly disclosed
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To support growth and expansion in the health-food market.
4. Round Name: Seed
   • Amount Raised: Not publicly disclosed
   • Date: February 2021
   • Lead Investors: Not publicly disclosed
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To enhance product offerings and expand market presence.
5. Round Name: Seed
   • Amount Raised: INR 4,589,550
   • Date: December 2022
   • Lead Investors: Not publicly disclosed
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To further develop and market new snack products.
6. Round Name: Series A
   • Amount Raised: USD 330,553
   • Date: April 2024
   • Lead Investors: Not publicly disclosed
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To expand operations and increase market share.

Total Amount Raised: USD 505,553

Current Valuation: Not publicly disclosed

Key Investors

• Mumbai Angels Network
  • Details: Mumbai Angels Network is a prominent angel investment network in India that provides capital to early-stage startups. It has a strong presence in the Indian startup ecosystem.
  • Investment Focus Areas: Early-stage startups, Technology, Healthcare, Consumer Products
  • Notable Investments: Frubites, The Mumum Co, Sattviko
• 1Crowd
  • Details: 1Crowd is a crowdfunding platform that connects investors with startups. It aims to democratize investment opportunities for a broader audience.
  • Investment Focus Areas: Startups, Technology, Consumer Goods
  • Notable Investments: Not publicly disclosed
• HEM ANGELS
  • Details: HEM ANGELS is an investment group that participated in the Seed Round of Snackible. It focuses on providing early-stage funding to promising startups.
  • Investment Focus Areas: Early-stage startups, Technology, Consumer Products
  • Notable Investments: Snackible
• Mitesh Nandlaskar
  • Details: Mitesh Nandlaskar is listed as one of the most recent investors in Snackible. He is known for his involvement in the startup ecosystem.
  • Investment Focus Areas: Not publicly disclosed
  • Notable Investments: Not publicly disclosed
• Kishore Ganji
  • Details: Kishore Ganji is an individual investor who participated in the funding round for Snackible. He is active in the Indian startup scene.
  • Investment Focus Areas: Not publicly disclosed
  • Notable Investments: Not publicly disclosed

What's Next for Snackible?

Snackible stands at the cusp of significant growth opportunities, driven by the rising consumer demand for healthy, chemical-free snacks. With a strong presence in major cities like Mumbai, Delhi, and Bengaluru, and a robust online sales strategy, the company is well-positioned to expand its product lines and market reach.

Future fundraising opportunities appear promising, as the health food market continues to attract substantial interest from venture capitalists and angel investors. Snackible's previous successful funding rounds suggest potential for larger Series A or B rounds to support its scaling efforts.

However, the company may face challenges such as intense competition from other health food brands and the need to maintain product quality and consistency. Navigating regulatory requirements for food safety and labeling will also be crucial as Snackible continues to grow.

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