The Indus Valley Raises $17 Mn in Series B Round led by Gaja Capital

The funding round was led by Gaja Capital, with participation from existing investors DSG Consumer Partners, Rukam Capital, and The Chennai Angels.

The company will use the new funding to develop better products, expand its online and offline sales network, and increase brand awareness.

The Indus Valley also plans to launch more healthy kitchen products to meet growing customer demand.

“We are building much more than a cookware company,” co-founder and chief executive officer Jagadeesh Kumar said. He added that the investment would help the firm expand its presence while making cookware that is “safe, durable, and free from harmful coatings” more widely accessible.

Gopal Jain, Managing Partner at Gaja Capital, said healthy cooking is still not a top priority for many Indian families. He said The Indus Valley has successfully grown its business by offering high-quality, toxin-free cookware without using chemical non-stick coatings, making it a strong long-term investment.

Existing investor DSG Consumer Partners also praised the company's growth. Hariharan Premkumar, Managing Director and Head of India, said the founders grew the business from around ₹12 crore to ₹200 crore with very little funding. He added that the new investment will help the company improve its products and expand its sales network.

Founded in 2016 by Jagadeesh Kumar and Madhumitha Uday Kumar, The Indus Valley makes toxin-free cookware and kitchen products using materials such as cast iron, iron, and stainless steel instead of chemical non-stick coatings. Its product range includes cookware, pressure cookers, and other kitchen essentials.

The company said it has reached an annual revenue run rate of about ₹200 crore and aims to grow it to ₹1,000 crore by 2030. Its products are sold through its website, online marketplaces, quick commerce platforms, and offline stores, and the brand now serves millions of households.

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