Gramiyaa Raises $2.13 Million in Series A Funding
Bengaluru-based company Gramiyaa, known for its traceable, fresh-packed cold-pressed cooking oils, has successfully raised $2.13 million (Rs 18.65 crore) in a Series A funding round. The round was spearheaded by Optiscape Network Holdings, with additional investments from Homegrown Ventures, Campus Fund, Sarya Global Holdings, and individual investor Rasagna Pulapaka.
Company Overview
Gramiyaa offers a range of cold-pressed oils, including groundnut, coconut, sesame, and mustard oils, as well as virgin coconut and olive oils. These products are made using traditional wood and stone mills, combined with modern manufacturing processes. The oils are delivered across India and are available through the company's website and multiple e-commerce platforms such as Amazon, Blinkit, and BigBasket.
Leadership and Vision
Founded by Sibi Manivannan, with Mohamed Yaseen serving as Co-Founder and CEO, Gramiyaa has been gaining traction in the Indian market. The company gained additional visibility after being featured on Shark Tank India, which helped highlight its commitment to quality and traceability.
Use of Funds
The newly acquired funds will be directed towards growth capital and general corporate requirements. This infusion of capital aims to bolster Gramiyaa's operational capabilities and expand its market reach, ensuring it can meet increasing consumer demand.
Investor Contributions
Optiscape Network Holdings led the funding round with a significant investment of Rs 9 crore. Homegrown Ventures contributed Rs 4.5 crore, while Campus Fund added Rs 4 crore. Sarya Global Holdings and Rasagna Pulapaka invested Rs 90 lakh and Rs 25 lakh, respectively.
With this financial boost, Gramiyaa is set to enhance its production capabilities and continue its mission of delivering high-quality, traceable cooking oils to consumers across India.