Bajo Foods, the Indian parent company of Keto Brand – Lo! Foods that provides low-carb food products, raised $2M in funding.
The round was led by Mount Judi Ventures with participation from Mr. S Ramadorai.
The company intends to use the funds for brand building of its new product ranges and expanding their channels to Offline Retail, B2B and Hospitals, as well as its team.
Led by CEO Sudarshan Gangrade, Bajo Foods offers low-carb food products- Keto packaged foods and Keto fresh foods. The product range has expanded from Atta to cookies, mixtures, namkeens, and chocolate. The company has also launched two new product ranges in India – DiabeSmart and Protein Chef. DiabeSmart is a new brand built specifically for Diabetics. Protein Chef provides a Low Carb High Protein Powder that can be added to cooking. These products are available for purchase on the company’s website and eCommerce marketplaces- Flipkart and Amazon.
Bajo Foods also has Cloud Kitchens from which it serves Fresh Foods in four cities – Gurugram, Delhi, Bangalore, and Hyderabad. With 17 cloud kitchens today, the company is also targeting expansion to around 35 cloud kitchens in the span of 12 months in Mumbai, Pune, Ahmedabad and Chennai through the Franchisee model. With its cloud kitchens, the company delivers fresh food items, Parathas, Rolls, Sandwiches, Bakery and packaged foods to its customers.
FinSMEs
27/12/2022