Anveshan banks ₹150 cr Series B from Vertex, IFC; eyes ₹1,000 cr revenue in 2-3 years
Clean-label foods brand Anveshan closed a ₹150 crore Series B led by Vertex Ventures with IFC, Swiggy, Wipro Consumer Care Ventures and Titan Capital participating. Revenue scaled from ₹74 cr in FY25 to ₹192 cr in FY26, with ARR at ₹280-300 cr. Quick commerce drives 35% of sales; ghee and cooking oils anchor the portfolio across 16 manufacturing units.
What happened
Clean-label food brand Anveshan raised ₹150 crore Series B led by Vertex Ventures with IFC and others, targeting ₹1,000 crore revenue in 2-3 years. Quick
Key facts
- ₹150 crore Series B
- FY26 revenue ₹192 crore
- FY25 revenue ₹74 crore
- FY27 target ₹350-500 crore
- ₹1,000 crore target in 2-3 years
- ARR ₹280-300 crore
- quick commerce 35% of sales
- D2C 25-30%
- offline <5%
- 16 manufacturing units
Why this matters
With Swiggy, Wipro Consumer Care and Titan Capital all on the cap table, Anveshan is being positioned as a strategic acquisition target for FMCG majors hunting clean-label ghee and cooking oil brands.