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Go Desi secures $4.9 million in a Series B funding round led by Aavishkar Capital

May 02, 2024over 1 year ago

Amount Raised

$4.9 Million

Round Type

series b

BengaluruFood And Beverage

Investors

Dsg ConsumerRoots VenturesRukam CapitalAavishkar Capital

Description

Bengaluru-based confectionary brand Go Desi has secured $4.9 million (Rs 41 crore) in a Series B funding round, with Aavishkar Capital leading the investment. The funding will be used for business expansion geographically, expanding its stock-keeping units, and building and strengthening capacity.

Company Information

Company

Go Desi

Location

Bengaluru, Karnataka, India

About

At GO DESi, our purpose is to make DESi 'POP’ular. We want to make regional DESi products relevant and accessible to customers, while ensuring quality & authenticity. We want to reinvigorate the ‘desi foods’ category by overcoming the barriers faced by it, and widening its appeal and reach. In the process, we are also building a sustainable brand that becomes a beacon for non-zero-sum capitalism, where all stakeholders win. We work directly with farmers, SHGs and other rural businesses enabling them to scale and capture a large proportion of consumer value in rural India. GO DESi is backed by Rukam Capital, Roots Ventures and DSG consumer partners. It was also a part of the Upaya Agri cohort, Wadhwani Foundation's FMCG scale-up programme, and incubated at IIM Bangalore.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers