Plant protein startup Evolved Foods bags Rs 7.3 Cr funding in Seed Round

Company uses ingredients such as soy, coconut, rice protein to make their signature offering – Evolved Plant Meat       

Evolved Foods, a Bengaluru-based plant protein startup, has announced the successful closure of its seed round of Rs 7.30 crore. The round was led by marquee investors like Zerodha backed Rainmatter Health and Kamala Capital. The round also saw participation from Anvitha Prashanth (Anyaa Ventures), and Aprameya Radhakrishna (Founder of KOO App); and a group of angel investors – such as Rachel Goenka & Karan Khetarpal (Goenka Ventures Family Office), B G Mahesh (Founder/ex-MD of OneIndia.com), Sushant Arora (Cofounder of CleanMax Solar), Swapnil Shah (ex-Brand head, Proctor & Gamble), and Vananam Ventures Trust.

Since its launch in Q1 2022, Evolved Foods has expanded its presence to six cities and established partnerships with prominent hospitality brands in the food service sector. This investment will support the startup in accelerating its growth plans, and help to capitalise on the strong order pipeline from the domestic and export markets.

Recently, Evolved Foods also entered the heat-and-serve food category, aimed at celebrating the rich regional culinary-heritage of India – with curated dishes such as Hyderabadi Dum Biryani, Chettinad Fry, Dhaba Style Tandoori Tikka, Bhuna/Achari Samosa, Kashmiri Rogan Josh Curry, etc. which are 100% plant based, and an authentic Mangalorean Ghee Roast, which is 100% Vegetarian.

Currently over 50 dish creations, curated by some of the top chefs of the country, are available through the company’s food service partners across six cities in India. The company is also in the process of launching its products in the Middle East and Europe.