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Delhi-based healthy and pure food startup Sattviko has raised an undisclosed amount of strategic funding from marquee investors led by Ashish Gupta, an angel investor and founder of Helion Venture.
Other investors include Sunil Chandiramani- Former India Head, Ernst & Young Advisory, and others senior private equity professionals.
Founded in 2014, Sattviko runs quick-service restaurants and offers sattvik (pure) food – without onion and garlic – and also sells ayurvedic products through its online marketplace.
Its products are currently available in 25 cities across India including large institutions such as Taj Hotels and SpiceJet.
The startup plans to expand into US, UK and the Middle East. For FY18, Sattviko has targeted to reach $4.29 million revenues and aims to reach $10 million in FY19-20.