Edible Oil Brand Indic Wisdom Scores $2 Mn Funds From Rockstud Capital

Indic Wisdom, a manufacturer of wood-pressed oils, has raised $2 million (approximately INR 16.88 crore) as part of a Pre-Series A investment round led by Rockstud Capital and a group of unknown investors.

Indic Wisdom was founded in 2016 by Kaustubh and Prajakta Khare and sells culinary oils, multi-purpose oils, and specialty oils. Its oils are produced using ancient lakdi ghani extraction procedures, preserving natural nutrients and tastes.

“As consumers become more aware of the importance of wood-pressed oils in the face of growing concerns about conventional refined oils’ quality, safety, nutrient content, and environmental impact, we believe Indic Wisdom has a great opportunity to cater to people with its extensive product line, which meets the diverse demands and preferences of health- conscious consumers,” said Abhishek Agarwal, a managing partner at Rock

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The Mumbai-based company intends to use the new funds to expand its manufacturing facility and enter the fast-growing commerce market.

“With Indic Wisdom, we hope to spread India’s ageless heritage of prasad – food that is pure, sustainable, and intended for everyone – around the world. We are accomplishing this by blending current production best practices and quality standards into traditional food production methods,” stated Prajakta Khare.

Earlier this year, Indic Wisdom reportedly raised INR 4 crore in a funding round led by Inflection Point Ventures, Launch Capital, Bifco Finance, and other high-net-worth investors.

According to a survey, the Indian cold processed and wood oil market was valued at $79.9 million (approximately INR 674 crore) in 2023 and is predicted to reach $136.6 million (about INR 1151 crore) by 2032, growing at a CAGR of 5.94% between 2024 and 2032.