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D2C Health Food Brand Supply6 raises pre-series A funding from ah! Ventures Angel Platform and others |
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| Bangalore-based Health Food and Convenience brand Supply6 raises pre-series A funding from ah! Ventures Angel Platform and others including Silicon Road Ventures, MaGEHold, and Ravina Ventures. ah! Ventures’ has done 140 investments in 104 startups till date taking its total investment portfolio to INR 285 CR (~37 MN USD) with 14 exits and 28 follow on rounds. 40 investments have happened through all three platforms in 2022 till date. |
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| According to Vaibhav Bhandari, CEO and Co-Founder of Supply6, the funds will be allocated towards expanding product offerings, taking the distribution process to the next level, and onboarding new talent to optimize the team for its future goals. |
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| Co-founded by Vaibhav Bhandari and Rahul Jacob in 2019, Supply6 has scaled up over 10x in the past year. It aims to solve the problem of accessing nutrition for individuals leading busy lifestyles and those who are always on-the-go. It does so by making nutrient-rich food items in extremely convenient formats that can be consumed anywhere and at any time. Its flagship product is the Supply6 Drinkable Meal, which is nutritionally complete, vegan, and functionally convenient. |
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| The brand is currently aiming to expand its range of products by introducing similar healthy food items that can be consumed on a busy schedule. It also has an eco-friendly and sustainable vision, promoting plant-based food alternatives that cause a much smaller carbon footprint. |
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| CEO Vaibhav Bhandari shared his views and future goals post the funding event, “Making wholesome nutrition accessible and fun has always been the core principle of everything we do at Supply6. The Supply6 Drinkable Meal has come a long way in fulfilling the nutrient-deficit caused by frequently skipped meals. Our next phase is going to be all about exploring more such dietary lifestyle gaps and introducing category-first products to fulfill them." |
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| Supply6 products are currently being sold via their own web portal www.supplysix.com and other reputed e-commerce platforms like Amazon, Flipkart, and Cred. They are also available offline across select vending machines in Bangalore and Mumbai. |
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| Rahul Jacob, Co-Founder and COO, also expressed his views about what led to the successful fundraise, "Speaking to our customers has given us some interesting insights. It has helped us ideate & develop varied formats of nutritious food and snacks while keeping convenience and taste at the heart of everything we do." |
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| The brand looks forward to a successful Phase 2 that could multiply its growth and establish it as one of India’s top health food convenience brands with a wide range of products that appeal to people from all walks of life. |
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| "Supply6, being a new-age food brand in the D2C space, is in the recession-proof industry and has been growing exponentially. The founders to be passionate and high on zeal towards their venture. They know what they are doing and are simultaneously open to new ideas and innovative measures that can benefit the company in the long term.", said Nitin Garg, Deal Lead - Supply6 and Venture Partner at ah! Ventures |
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| Contact: Abhijeet Kumar, abhijeet@ahventures.in
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| ah! Ventures is one of the world's largest fundraising platform for early stage startups raising up to 10 MN USD. ah! Ventures has three platforms: First Gear, which helps startups raise upto INR 1 CR (~USD 150K), Angel Platform, which helps startups raise upto 1 MN USD and High Tables Platform, which helps startups raise 1-10 MN USD. Today ah! First Gear, Angel and High Tables platforms have over 70000+ entreprenurs, 2000+ seed/angel investors and over 1000 VCs & institutional investors registered with it. ah! First Gear, Angel and High Tables platforms till date have invested INR 282 CR (~37 MN USD) in 98 startups & 133 investments and have announced 14 exits & 28 follow on rounds. |
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| Contact: Abhijeet Kumar, abhijeet@ahventures.in
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