Alimento Agro Foods Pvt. Ltd., a fast-growing Indian packaged food company, today announced that it has raised ₹52 crore in a Series A funding round led by IvyCap Ventures. The investment marks a key milestone in the company’s journey to build a strong portfolio of innovative, consumer-focused food brands.
The funds raised will be used to scale manufacturing capabilities, expand pan-India distribution, strengthen supply chain infrastructure, and accelerate new product development across Alimento’s brand portfolio.
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Founded by Prateek Bhagchandka and Mugdha Bhagchandka, Alimento Agro Foods operates two popular consumer brands — MOM (Meal of the Moment), offering convenient and flavour-rich ready-to-eat and ready-to-cook meals, and Gimi Gimi, a Korean-inspired instant noodle brand catering to India’s growing appetite for global flavours.
“This funding will help us significantly scale our operations and bring high-quality, innovative food products to a wider consumer base,” said the founders of Alimento Agro Foods. “With IvyCap Ventures’ support, we aim to strengthen our brand presence and build a sustainable, differentiated food company.”
IvyCap Ventures, the lead investor in the round, is known for backing high-potential Indian startups across consumer, technology, and innovation-driven sectors. The firm’s participation reflects strong investor confidence in Alimento’s business model, brand traction, and growth potential in India’s rapidly expanding packaged food market.
India’s convenience and packaged food segment continues to witness robust growth, driven by changing lifestyles, urbanisation, and the rapid rise of modern trade and quick-commerce platforms. Alimento Agro Foods plans to leverage these tailwinds to deepen market penetration and accelerate long-term growth.
About Alimento Agro Foods Pvt. Ltd.
Alimento Agro Foods Pvt. Ltd. is an Indian packaged food company focused on delivering convenient, high-quality, and flavour-forward food products. Through brands like MOM and Gimi Gimi, the company caters to modern consumers seeking taste, convenience, and global culinary experiences.
About IvyCap Ventures
IvyCap Ventures is a leading Indian venture capital firm that partners with entrepreneurs to build scalable, high-impact businesses across sectors including consumer, technology, and innovation-driven enterprises.