Total amount raised
$4.2 Millions
Latest funding date
01/01/2024
Location
TagZ Foods has successfully raised funds through multiple rounds, with its latest funding round closing on January 1, 2024. The company has attracted a diverse group of 23 investors, including notable names like GrowthCap Ventures and Shikhar Dhawan.
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, founded on June 1, 2019, is a GenZ snack brand headquartered in Bangalore, Karnataka, India. The company was established by Anish Basu Roy and Sagar Bhalotia.
Operating in the food and beverage industry, TagZ Foods specializes in premium and innovative snacking products. The company employs between 11-50 people and focuses on creating high-quality snacks for health-conscious consumers.
How Much Funding Has TagZ Foods Raised?
- Angel Round
- Amount Raised: $77.5K
- 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.
- Seed Round
- Amount Raised: $500K
- Date: April 2021
- Lead Investors: Venture Catalysts
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support early-stage operations and growth.
- Seed Round
- Amount Raised: $538K
- Date: July 2021
- Lead Investors: Agility Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand manufacturing capacity and market reach.
- Venture Round
- Amount Raised: Not publicly disclosed
- Date: January 2022
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale the business and enhance market reach.
- Seed Round
- Amount Raised: $1.1M
- Date: April 2022
- Lead Investors: Abhishek Deo
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand product lines and improve operational efficiency.
- Seed Round
- Amount Raised: $2M
- Date: May 2023
- Lead Investors: 100Unicorns
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enter untapped markets and strengthen logistics network.
- Seed Round
- Amount Raised: Not publicly disclosed
- Date: June 2023
- Lead Investors: Shikhar Dhawan
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance market reach and product innovation.
- Venture Round
- Amount Raised: Not publicly disclosed
- Date: January 2024
- Lead Investors: GrowthCap Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale the business and expand product lines.
Total Amount Raised: $4.215M
Current Valuation: Not publicly disclosed
Key Investors
- 9 Unicorns
- Details: 9 Unicorns is a venture capital firm known for investing in early-stage startups. They led the Pre-Series A funding round for TagZ Foods.
- Investment Focus Areas: Early-stage startups, various sectors.
- Notable Investments: Multiple startups in diverse industries.
- Shikhar Dhawan
- Details: Shikhar Dhawan is a renowned Indian cricketer who has invested in TagZ Foods. He is known for his entrepreneurial ventures outside of cricket.
- Investment Focus Areas: Not specified.
- Notable Investments: Not specified.
- Venture Catalysts
- Details: Venture Catalysts is an integrated incubator that provides funding, mentorship, and networking opportunities to startups. They have been involved in multiple funding rounds for TagZ Foods.
- Investment Focus Areas: Early-stage startups, various sectors.
- Notable Investments: Various startups.
- Agility Ventures
- Details: Agility Ventures is a venture capital firm that invests in high-growth potential startups. They led a seed round for TagZ Foods.
- Investment Focus Areas: Technology, consumer goods, various sectors.
- Notable Investments: Multiple startups.
- Rannvijay Singha
- Details: Rannvijay Singha is an actor and television personality known for his entrepreneurial spirit. He invested in TagZ Foods and also endorses the brand.
- Investment Focus Areas: New-age and disruptive brands, particularly in the D2C space.
- Notable Investments: TagZ Foods.
What's Next for TagZ Foods?
TagZ Foods is poised for significant growth, with opportunities to expand into untapped markets and increase manufacturing capacity. The company targets the top 30-40 million households in India and has a strong presence in 5,000 retail stores and over 30 e-commerce platforms. Their international reach extends to Kuwait, Dubai, Maldives, and Australia, indicating a robust market potential.
Future fundraising opportunities seem promising as the company continues to scale. With plans to introduce new products and enhance their logistics network, additional funding rounds could support these initiatives. The involvement of high-profile investors and endorsements further boosts their market visibility and investor confidence.
However, challenges such as managing rapid growth, maintaining product quality, and navigating competitive pressures in the snack food industry remain. Ensuring a robust supply chain and logistics management will be crucial as they expand both domestically and internationally. Despite these hurdles, TagZ Foods' strategic plans and market positioning suggest a bright future ahead.
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