Agri-produce company Indic Wisdom, based in Mumbai, announced that it has secured Rs 4 crore in a pre-Series A funding round, spearheaded by Gurugram-based angel investor group Inflection Point Ventures. Mahendra Sankhe, Launch Capital, Bifco Finance, and other high-net-worth individuals (HNIs) were also involved in the round. The business stated that it will increase market presence and operational efficiency by building production capacity, expanding its distribution network, and enhancing visibility with this round of funding.

Founded by Kaustubh Khare and Prajakta Khare, Indic Wisdom Pvt. Limited is a Mumbai-based manufacturer of food staples, with a core focus on wood-pressed oils. The startup aims to reinvigorate India’s traditional methods of food preparation through consistent innovation and application of modern quality standards to bring goodness to all. The founder and director is Kaustubh, who has fifteen years of expertise managing digital supply chains with SAP ERP. With an emphasis on digital distribution management, campaign management, and customer relationship management, Prajakta, the co-founder and Director, brings 14 years of SAP ERP experience to the table.

"At Indic Wisdom, our goal is to take India's timeless tradition of prasad - food that is pure, sustainable, and meant for everyone - to every corner of the world," stated Prajakta Khare, the company's founder and Director. In order to do this, we are combining our traditional knowledge and methods of food production with cutting-edge techniques and quality standards. The firm aims to promote local jobs and highlight the possibilities of Indian manufacturing on a global scale with its zero-waste manufacturing facility located in Palghar. It states that its GMV is Rs 2.5 crore per month.

The Indian market for cold-pressed oil is expected to grow to a value of about ₹40,000 crores by 2030, according to the most recent industry data. By 2028, the category is projected to generate $30 billion in revenue globally. The business released a statement highlighting these numbers, which demonstrate the significant expansion and economic importance of the cold-pressed oil sector in India and around the world. Indic Wisdom claims to have been PAT-positive for the past four years. The brand's extensive range of oils and its presence across multiple channels further contribute to its distinct market position. Currently, it operates at a scale where it extracts 70 thousand litres of oil per month, according to the company.