Total amount raised
$562.1 Thousands
Latest funding date
04/01/2024
Location
Snackible has successfully raised funds through a Series A round, attracting a diverse group of 19 investors. The company operates in the health-food production sector, offering a variety of healthy snacks through both online and offline channels.
Keep reading to explore the intricacies of Snackible's fundraising journey and the investors backing this innovative platform.
What Is Snackible?
Snackible, founded in 2015 by Aditya Sanghavi, is a health-food production company based in Mumbai, Maharashtra, India. The company specializes in offering a variety of healthy snacks through both online and offline channels. With a team of 11-50 employees, Snackible aims to provide guilt-free snacking options that cater to various dietary preferences.
How Much Funding Has Snackible Raised?
- Angel Round
- Amount Raised: $175K
- Date: April 2017
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Likely aimed at expanding the product range and increasing market reach.
- Seed Round
- Amount Raised: Not publicly disclosed
- Date: October 2018
- Lead Investors: Mumbai Angels
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Likely aimed at scaling operations to meet growing demand for healthy snacks.
- Seed Round
- Amount Raised: ₹4.6M
- Date: December 2022
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Likely aimed at expanding the product range and increasing market reach.
- Series A
- Amount Raised: $330.6K
- Date: April 2024
- Lead Investors: HEM ANGELS, Mitesh Nandlaskar
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Likely aimed at scaling operations to meet growing demand for healthy snacks.
Total Amount Raised: $505.6K
Current Valuation: Not publicly disclosed
Key Investors
- Mumbai Angels Network
- Details: Mumbai Angels Network is a prominent angel investment network in India that connects investors with startups. It has a diverse portfolio and a strong presence in the Indian startup ecosystem.
- Investment Focus Areas: Technology, healthcare, consumer products
- Notable Investments: Frubites, an Indian fruit snacks brand
- 1Crowd
- Details: 1Crowd is a crowdfunding platform that allows investors to fund startups and early-stage companies. It leverages the power of crowdfunding to support innovative ventures.
- Investment Focus Areas: Early-stage companies, growth-stage companies
- Notable Investments: Specific notable investments are not mentioned in the sources.
- HEM Angels
- Details: HEM Angels is one of the key investors in Snackible. Specific details about HEM Angels are not provided in the sources.
- Investment Focus Areas: Not publicly disclosed
- Notable Investments: Not publicly disclosed
- Mitesh Nandlaskar
- Details: Mitesh Nandlaskar is an individual investor involved in Snackible's Series A round. Specific details about Mitesh Nandlaskar are not provided in the sources.
- 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. With the health food market expanding and consumer awareness about healthy eating on the rise, the company is well-positioned to capitalize on this trend. Their diverse product range, catering to various dietary needs, and presence in major retail chains and online platforms, provide a substantial market reach.
Future fundraising opportunities appear promising. Given the competitive landscape and recent funding activities of competitors, Snackible may seek additional funding to scale operations, expand product lines, and enhance marketing efforts. Potential for Series A or further rounds of funding from venture capitalists or private equity firms is likely.
However, challenges lie ahead. Intense competition from other health food brands and the need to maintain product quality while scaling operations are significant hurdles. Managing costs and supply chain complexities will also be crucial as Snackible navigates its growth trajectory.
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