Mumbai-based Indic Wisdom, a manufacturer of wood-pressed oils, has raised $2 million in a pre-Series A funding round led by Rockstud Capital and supported by other investors.
Founded by Prajakta Khare and Kaustubh Khare, the company specializes in producing a variety of cooking, multipurpose, and specialty oils. Their products cater to the growing demand for health-conscious alternatives, boasting high nutritional content enriched with essential vitamins, antioxidants, and fatty acids. These oils offer a healthier substitute to refined options that often lose valuable nutrients during processing.
Indic Wisdom’s standout feature lies in its adherence to traditional lakdi ghani-based extraction techniques, ensuring oils retain their natural nutrients and flavors. The company has also prioritized rigorous research and testing to deliver products of verified purity to its consumers.
The market for cold-pressed and wood-pressed oils is witnessing robust growth. Global market valuation, which stood at $27.1 billion in 2021, is anticipated to grow at a CAGR of 5.7% by 2028. On the domestic front, research by IMARC Group predicts the Indian market will climb from $9.1 billion in 2024 to $15.6 billion by 2032, with a CAGR of 5.9% during this period.
This funding will help Indic Wisdom scale its operations, further its research, and continue offering premium quality oils rooted in traditional methods.
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