Phab raises $4 Mn Pre-Series A to scale across quick commerce and offline trade
Hocco cofounder Ankit Chona's D2C healthy snacking brand Phab has secured $4 Mn in Pre-Series A funding led by OTP Ventures and Chona Family Office. The capital will fund expansion across online marketplaces, quick commerce platforms like Blinkit and Zepto, and modern and general trade, where offline already drives ~50% of sales.
What happened
D2C healthy snacking brand Phab, cofounded by Hocco's Ankit Chona, raised $4 Mn Pre-Series A led by OTP Ventures and Chona Family Office to expand distribution
Key facts
- $4 Mn Pre-Series A
- $2 Mn prior seed
- ~50% offline sales
- $8.1 Bn market by 2033
Why this matters
Phab's balanced online-offline distribution and founder pedigree make it a credible bolt-on target for legacy snacking majors looking to acquire healthy-format capability.