Alimento Agro Foods Pvt Ltd has secured Rs 52 crore in a Series A funding round led by IvyCap Ventures, marking a significant milestone in its growth journey.
With this fresh capital, the company intends to expand its manufacturing capacity, strengthen its distribution network across India, and accelerate product development for its brands, MOM Meal of the Moment and Gimi Gimi.
Founded by Prateek Bhagchandka and Mugdha Bhagchandka, Alimento operates in the packaged and convenience food space. While MOM Meal of the Moment targets the instant meals and snacks category, Gimi Gimi positions itself as a Korean-style noodle brand that caters to rising demand for global flavours among Indian consumers.
According to the company, the funding will enable it to scale operations and broaden market reach for both brands as they compete in increasingly crowded food segments.
Prateek Bhagchandka, Founder and CEO and Mugdha Bhagchandka, Co-founder and COO of Alimento Agro Foods, said, “We are excited to welcome IvyCap Ventures as partners in our journey. This Series A investment comes at a pivotal time as MOM and Gimi Gimi are gaining strong traction. The capital will enable us to scale manufacturing, enhance distribution, and accelerate innovation across both brands. Our long-term vision is to build Alimento into a house of culturally relevant, consumer-loved food brands that deliver delight with every experience. IvyCap’s trust in our mission further strengthens our resolve to shape the future of flavour-forward Indian food brands.”
Explaining the rationale behind the investment, Vikram Gupta, Founder and Managing Partner at IvyCap Ventures, said that Alimento’s strong product positioning and early market traction drove the firm’s decision. IvyCap has previously invested in a range of consumer and technology-led businesses across sectors.
Currently, Alimento Agro Foods operates as an FMCG company with a focus on ready-to-eat and convenience food products. With this Series A round, the company joins a growing cohort of Indian food startups aiming to scale branded offerings amid increasing demand for packaged foods and shifting consumer preferences.
