Funding The Health Factory, a health-focused bread brand, has raised $3.5 million in seed funding led by Peak XV's Surge. “We are thrilled to have the backing of Peak XV’s Surge along with Kartik Mehta, Ali Tambawala, and Sunil Tulsiani as we enter our next phase of growth.
This investment will enable us to disrupt additional markets with our health-focused offerings. We have received interest from numerous Tier I and Tier II cities, and this funding will allow us to expand our reach to more pin codes, ensuring our products are accessible to more consumers seeking healthier options,” Vinay Maheshwari, Founder of The Health Factory, said. With a 65X increase in sales over the past 24 months, the company plans to broaden its retail presence through both modern and traditional trade channels.
The investment will also enhance logistics and operational technologies to streamline their processes, ensuring smooth scaling. Founded in 2018 by Vinay Maheshwari, Mohit Sankhala, and bakery expert Jos Vast, the company makes preservative-free products, including Protein Bread, Vegan Protein Bread, and zero maida bread. Available in major cities like Mumbai, Delhi, and Bengaluru, the brand aims to address the growing demand for healthier bread options.
KRAFTON India, the creator of BGMI, has opened applications for the of its KRAFTON India Gaming Incubator (KIGI) programme. Following the success of its first cohort, which includes teams like ReDimension Games and Shura Games, KIGI ai.
