FMCG firm Himshakti raises over Rs 17 lakh in pre-seed financing round

Date:

A pre-seed fundraising campaign led through the Artha Access programme and IIM Kashipur has raised around 17 lakh rupees for the rapidly growing consumer goods manufacturer Himshakti. Anand Kumar of Pier Counsel and Varun Agrawal of StarClinch both angel investors invested in the company based in Dehradun. Himshakti plans to use the money to improve sales, marketing and packaging standards for its products.

The Artha Venture Fund’s Artha Access programme is a way to invest that allows it to invest with accelerator programs like Huddle as well as India Accelerator and many others.The company founded by Harshit Sehdev established in the year 2019 says it will provide healthy, natural food products that are sourced by Indians in the Himalayan region.

Read more MS Dhoni introduces DRONI, a consumer camera drone made in India by Garuda Aerospace

The company plans to expand its operations into markets such as France as well as the ASEAN region. It also intends to operate in over 200 luxurious stores.

The company stated that to launch its products to these regions, it’s trying to get international approvals. The FMCG firm claims that in the past few years the products it sells have received more popularity, particularly in luxury hotels as well as natural foods stores.

Read more EV startup Electriq gets funds from Yamaha Motors

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Share post:

Subscribe

spot_imgspot_img

Popular

More like this
Related

ERP Modules: Types and Characteristics

Multiple options might be discovered while examining business management...

Agritech start-up Otipy is appointing Rohit Sood as its chief executive officer

Rohit Sood has been selected to be the chief...

Nykaa Q2: Profits up 333% year-over-year to the sum of Rs 5.2 crore Revenue up 39%

The second quarter in the fiscal year currently in...

Decentro is a fintech company has received $4.7M in the Series A round of capital

Funded by Y Combinator, a banking and payments API...