Bangalore, October 25, 2016 – Sattviko, global brand for modern vegetarian food & wholesome Indian ethnic packaged food, announced today a successful Angel round for an undisclosed amount with investors Raman Roy, Sunil K Goyal, Ravi Kiran and Swastika Company Limited (UAE) along with others on LetsVenture.
Sattviko has served more than 5 lakh customers till date with almost 80% from the restaurant business. “We started to shift our focus towards packaged snacks category in the month of March 2016 and have seen almost 100% month on month growth in our revenues since then”, said the founder. Sattviko’s packaged products are being currently sold at almost 25 shops in Delhi/NCR and to institutional clients like Oyo Rooms, Chai Thela, etc.
“Prasoon (founder) has the agility to continuously experiment and understanding the emerging needs of consumers. He is determined to win. The art to leverage resources and network beyond imagination shall continue to help him scale-up at Sattviko and as an individual.” said Sunil K Goyal, VC at YourNest.
Founded in 2014 by Prasoon Gupta and Ankush Sharma, Sattviko sells a variety of fusion vegetarian cuisines & packaged Indian ethnic snacks that are made employing saatvik technics. Sattviko is bringing healthy snacks to the Indian market with authentic flavours and naturally grown preservative free food products that every Indian wants to eat today. Apart from the restaurants, they are also selling online on Amazon, Snapdeal, Grofers and through our own website www.sattviko.com
Founded in 2013, LetsVenture enables start-ups and investors to discover and connect with each other. There are 12000+ start-ups and 2000+ investors on the platform. Once a startup has verbal commitments from investors, we help them in the funding closure process through our Commitment-to-Closure package. The package takes care of closure of term sheet & shareholders agreement, and complete legal & financial due diligence. LetsVenture has enabled more than 85 startups to raise over $35mn.