Lo! Foods, a startup based in Bengaluru that makes healthy and functional foods, has raised $3.5 million in a Series B funding round.
The funding was led by Rainmatter Health (Zerodha’s health initiative) and Singapore-based Capital Code. Other investors include Mount Judy Ventures, Ice.VC, KPB Ventures, and some existing backers.
According to the company, Protein Chef has quickly become the fastest-growing part of Lo! Foods and is a big reason the startup is close to reaching ₹100 crore in yearly revenue.
Lo! Foods has four main product lines:
Protein Chef (for high-protein foods)
Keto Smart (for weight loss)
DiabeSmart (for diabetes-friendly foods)
GlutenSmart (for gluten-free diets)
The brand has grown quickly thanks to strong sales on quick commerce platforms like Blinkit, Zepto, and Swiggy Instamart, which now bring in about 65% of total sales.
Lo! Foods is also getting ready to launch new products and will rename DiabeSmart to Sugar Smart to connect better with customers.
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