Healthy food startup Khetika has raised $18 million in its Series B funding round, co-led by the Narotam Sekhsaria Family Office and Anicut Capital. Existing investors including Incofin India Progress Fund, Rajasthan Gum, and Shree Ram India Gums also participated in the round, which provided a partial exit to SIDBI Venture Capital Limited (SVCL) and some angel investors.
The fresh capital will be used to expand Khetika’s product portfolio, strengthen its manufacturing capabilities, and scale its farm-to-fork supply chain platform, SuperZop, which already connects over 25,000 farmers across 14 states. The company plans to triple production in the next 18 months, build automated processing units, and set up local hubs to keep products fresh and reduce transport times.
Founded in 2017 by Prithwi Singh, Khetika offers preservative-free, minimally processed foods including batters, chutneys, spices, millets, makhana, rice, and dry fruits. The brand aims to tackle food adulteration while providing healthier alternatives through traditional recipes and clean processing methods.
In FY24, Khetika reported revenue of INR 163.8 crore, a 32% rise from INR 123.7 crore in FY23, while reducing net losses by 30% to INR 9.6 crore. Singh noted that in FY25, revenues grew to INR 247 crore, and the company came close to breaking even despite investments in new facilities like a batter plant in Delhi and a spice processing unit in Gujarat.
Going forward, Khetika aims to grow revenues 10x over the next three years, introduce ready-to-cook and functional foods, and enhance traceability with QR codes on its packaging. It also plans to expand into the Middle East, Southeast Asia, and the UK, catering to the health-conscious diaspora.
The Indian health food market, projected to reach $30 billion by 2026, has seen growing investor interest with recent rounds for Salad Days, Farmley, Slurrp Farm, and The Whole Truth.
Khetika currently sells through Amazon, BigBasket, Blinkit, modern retail, and over 15,000 small shops, while ramping up direct-to-consumer channels.