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

Manvendra HadaNovember 20, 2024

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Three points you will get to know in this article:

Indic Wisdom to grow its manufacturing operation and push into the fast-paced commerce sector with the new financing.
The Indian cold processed and wood oil market was valued at $79.9 Mn in 2023 and is predicted to reach $136.6 Mn by 2032.
Earlier this year, Indic Wisdom reportedly raised INR 4 crore in a funding round led by Inflection Point Ventures, together with Launch Capital, Bifco Finance, and other high net worth people.

Indic Wisdom Gets Pre-Series A Funding, Rockstud Capital Leads the Round

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

Where Will Indic Wisdom Spend The Latest Funds?

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.

Indic Wisdom Previous Funding, Wood & Cold Pressed Edible Oil Market in India

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.