Total amount raised
$4.2 Million
Latest funding date
01/01/2024
Location
TagZ Foods has successfully raised funding over nine rounds, attracting a total of 23 investors, including notable names like GrowthCap Ventures and Shikhar Dhawan. The latest funding round was a Venture - Series Unknown, showcasing the company's ongoing appeal to investors.
Keep reading to explore the intricacies of TagZ Foods' fundraising journey and the investors backing this innovative snack brand.
What Is TagZ Foods?
TagZ Foods is a GenZ snack brand based in Bangalore, Karnataka, India. The company specializes in innovative and healthy snacking options, using cutting-edge food technology to create premium experiences for consumers who value both taste and nutrition.
Operating as a private entity, TagZ Foods has been acquired by Reliance Consumer Products. The company has raised funding through multiple rounds, attracting a total of 23 investors, including notable names like GrowthCap Ventures and Shikhar Dhawan. The employee count ranges from 11 to 50.
How Much Funding Has TagZ Foods Raised?
- Round Name: Angel
- Amount Raised: USD 77,541
- Date: October 2019
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Initial capital to kickstart the business operations and product development.
- Round Name: Seed
- Amount Raised: USD 500,000
- Date: April 2021
- Lead Investors: Venture Catalysts
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support early-stage operations and growth.
- Round Name: Seed
- Amount Raised: USD 538,000
- Date: July 2021
- Lead Investors: Agility Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand manufacturing capacity and market reach.
- Round Name: Seed
- Amount Raised: USD 1,100,000
- Date: April 2022
- Lead Investors: Abhishek Deo
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance product development and market expansion.
- Round Name: Seed
- Amount Raised: USD 2,000,000
- Date: May 2023
- Lead Investors: 100Unicorns
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enter untapped markets, expand manufacturing capacity, and improve operational efficiency.
- Round Name: Seed
- Amount Raised: Not publicly disclosed
- Date: June 2023
- Lead Investors: Shikhar Dhawan
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support the company's growth and market expansion.
- Round Name: Series Unknown
- Amount Raised: Not publicly disclosed
- Date: January 2024
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further scale operations and enhance product offerings.
Total Amount Raised: USD 4,215,541
Current Valuation: Not publicly disclosed
Key Investors
- GrowthCap Ventures
- Details: GrowthCap Ventures is a venture capital firm that has invested in multiple rounds of TagZ Foods. They focus on high-growth potential companies.
- Investment Focus Areas: Food and beverage, technology, consumer goods
- Notable Investments: TagZ Foods
- Shikhar Dhawan
- Details: Shikhar Dhawan is a notable individual investor and a professional cricketer. He has invested in TagZ Foods to support its growth and market expansion.
- Investment Focus Areas: Consumer goods, startups
- Notable Investments: TagZ Foods
- 9 Unicorns
- Details: 9 Unicorns is a startup accelerator fund that led the Pre-Series A funding round for TagZ Foods. They focus on early-stage investments in high-growth potential startups.
- Investment Focus Areas: Early-stage startups, various sectors
- Notable Investments: Various early-stage startups in India
- Venture Catalysts
- Details: Venture Catalysts is an integrated incubator that provides funding, mentorship, and networking opportunities to startups. They have invested in multiple rounds of TagZ Foods.
- Investment Focus Areas: Technology, healthcare, consumer goods
- Notable Investments: Various startups in technology, healthcare, and consumer goods
- Agility Ventures
- Details: Agility Ventures is a venture capital firm focusing on early to growth-stage startups. They have invested in TagZ Foods to help expand its manufacturing capacity and market reach.
- Investment Focus Areas: Technology, healthcare, consumer goods
- Notable Investments: Various startups in technology, healthcare, and consumer goods
What's Next for TagZ Foods?
TagZ Foods is poised for significant growth as it aims to enter untapped markets and expand its manufacturing capacity. With a focus on the top 30-40 million households in India and a presence in 5,000 retail stores and over 30 e-commerce platforms, the company is well-positioned to capitalize on the increasing demand for healthier snack options. The international market presence in Kuwait, Dubai, Maldives, and Australia further underscores the vast opportunities available.
Future fundraising opportunities seem promising, given the company's rapid growth and ambitious expansion plans. Additional funding rounds could support further scaling, market penetration, and the introduction of innovative products. The backing from prominent investors and the company's strong performance indicate a favorable outlook for securing more capital.
However, TagZ Foods may face challenges such as scaling manufacturing capacity to meet rising demand, maintaining product quality, and navigating competitive market dynamics. Managing logistics and supply chain complexities will also be crucial as the company expands. Continuous innovation and effective marketing strategies will be essential to stay ahead in the competitive snack food industry.
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