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Cookware brand raises Rs 2.5 cr via Chennai Angels
The Chennai Angels (TCA) on Monday announced an extra investment of Rs 2.5 cr, in a bridge round, in Good Roots Kitchenware Private Ltd, a differentiated online healthy kitchen products store – The Indus Valley. The funds will be used to expand their presence in India’s growing home and kitchen products space.
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Chennai
Chandu Nair led the investment round with business leaders in Chennai - CK Ranganathan, V Shankar, Sathish Kumar and Lakshmi Narayanan participating in the fund raise.
“We are excited to see the growth in The Indus Valley. We believe that the company has great growth potential. This bridge round reaffirms our conviction of the product, the model and core team,” said Nair, on behalf of The Chennai Angels.
“We see this second round of investment from TCA as a token of faith. We have grown 500 per cent over the previous financial year and on track for an aggressive growth next year as well,” said Jagadeesh Kumar of The Indus Valley.
“Our vision is to make all kitchens safe for our loved ones. With more people in India moving towards healthier lifestyle choices, we are a constant hit among our target group” said Madhumitha Udaykumar of The Indus Valley.
The Indus Valley designs and sells healthy cookware products such as tawa, kadai and spatulas. The Chennai-based start-up sells primarily online and through e-commerce portals. Currently, they are processing 6000+ online orders every month.
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