Kikibix raises $300,000 From Founders Of Nine Unicorns, VCs

Updated on: 31 March 2023 8:14 pm

The IPO includes a fresh issue of shares worth INR 12.5 billion ($152.1 million) and an offer for sale of 109.4 million shares

Go Digit Insurance Re-Files IPO After Resolving ESOP Concerns Photo: The IPO includes a fresh issue of shares worth INR 12.5 billion ($152.1 million) and an offer for sale of 109.4 million shares

Nutrition-snacking start-up, Kikibix has raised $300,000 from founders and co-founders of nine unicorns, including Mama Earth, Pristyn Care, Fashinza and more.

Early-stage venture capital firm Blume Ventures led the funding round and US-based Angelist also participated in the fundraising.

Founded by paediatrician Ridhi Kaur in 2022, the company aims to bring a range of good quality snack to everyone. The company offers cookies in different flavours such as cranberry ats, gur chana, ragi mocha, coconut, figs and date almonds.

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Mama Earth co- founder Varun Alagh, Mosaic Wellness co-founder and chief executive officer (CEO) Revant Bhate, Pristyn Care co-founders Vaibhav Kapoor and Garima Sawhney, EaseMyTrip co-founder Prashant Pitti and Fashinza co-founder Abhishek Sharma participated in the funding round.

Kaur said that in the last six months, the company had seen 10 times growth in its monthly revenues. Further she added that the organisation plans to use the funds to launch more product categories, build a team and enter more distribution channels across the country.