Anveshan Raises $12.7 Million in Series B Round led by Vertex Ventures

Other investors in the round included International Finance Corporation (IFC), Titan Capital, Wipro Enterprises, and angel investors such as boAt co-founders Aman Gupta and Sameer Mehta, along with Swiggy co-founder Sri Harsha Majety.

To raise the new funds, the company’s board approved the issue of 2,853 compulsory convertible preference shares (CCPS) at a price of Rs 4,23,952 per share.

Regulatory filings show that the newly raised capital will be used to strengthen the company’s long-term financial resources.

The latest investment comes nearly a year after Anveshan raised Rs 48 crore in its Series A funding round led by Wipro Consumer Care Ventures in April last year through a mix of primary and secondary transactions.

Vertex Ventures was the biggest investor in the funding round, investing Rs 75 crore. International Finance Corporation (IFC) followed with an investment of Rs 31 crore. Existing investors Titan Capital Winners Fund and Wipro Enterprises invested Rs 6 crore and Rs 5.9 crore, respectively.

boAt co-founders Aman Gupta and Sameer Mehta also invested again in the company, each contributing Rs 38 lakh. Other investors included ALTrust, Force Ventures, and Swiggy co-founder Sri Harsha Majety.

With this latest funding round, Anveshan’s valuation has almost doubled to Rs 846 crore (around $89 million), compared to Rs 430 crore (about $51 million) in its previous Series A round.

According to regulatory filings, the newly raised funds will help strengthen the company’s long-term financial position and support future growth.

This investment comes nearly one year after Anveshan raised Rs 48 crore in its Series A funding round led by Wipro Consumer Care Ventures in April last year through both primary and secondary transactions.

Founded in 2020 by Aayushi Khandelwal, Akhil Kansal and Kuldeep Parewa, Gurugram-based Anveshan sells minimally processed food products that are made in rural parts of India. The company works with small village entrepreneurs who prepare these products using traditional methods. Along with providing quality products to customers, Anveshan also aims to improve the social and economic conditions of Indian farmers.

Its products include A2 cow ghee, wood-pressed cooking oils, raw honey, healthy sweets, beverage mixes, and other natural food items.

Although Anveshan has not yet filed its FY26 financial results, the company’s revenue increased strongly to Rs 77.08 crore in FY25 from Rs 46.84 crore in FY24. At the same time, its losses also grew to Rs 11.88 crore, compared to Rs 5.74 crore in the previous year.

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