India signs cooperation agreement with World Food Programme for 2023-27
A Shark Tank brand, raises funds through revenue based financing before its seed round
Surat-based startup Alpino Health Foods has raised an undisclosed amount in a Revenue Based Financing (RBF) round from patron investors on the Klub platform. A part of this fund will be dedicated to branding, marketing and building the team. Alpino Health Foods is one of the few brands that got a deal from 4 Sharks however, the brand raised funds through RBF before closing its seed round.
Alpino is a pioneer in the peanut butter category, the brand sells 1 peanut butter jar every 15 seconds. It has recently expanded its portfolio to provide a wider range of nut butter and healthy spreads. In line with this, the company plans to launch an exciting range of healthy breakfast essentials as a part of its vision to become the go-to brand for nutritious breakfast without compromising on taste.
Alpino is currently present on over 20 e-commerce platforms and over 5000 retail stores across India in addition to selling from its website. It specializes in products that are made of premium quality and minimum ingredients. The brand focuses on busting myths of healthy food being costlier.
Chetan Kanani, Co-founder, and Managing Director, Alpino Health Foods said, “We are planning to use these funds to expand our digital footprints and create more awareness about our brand and hire across verticals.”