Evolved Foods raises Rs 7.3 Cr in seed round

Evolved Foods, a plant-based protein firm, has raised Rs 7.3 crore in its seed round led by Zerodha backed Rainmatter Health and Kamala Capital. 

The round also saw participation from Anvitha Prashanth, and Aprameya Radhakrishna, and a group of angel investors such as Rachel Goenka and Karan Khetarpal, B G Mahesh, Sushant Arora, Swapnil Shah, and Vananam Ventures Trust.

The funds will be used to build efficiencies across production and supply chain operations, the company said in a press release.

Founded by Roma Roy Choudhury, Evolved uses ingredients such as soy, coconut, and rice protein to make their signature offering – Evolved Plant Meat. As per the company, its offering comes packed with 15% protein and contains less than 5% fat. 

Evolved dishes are available to order from popular restaurants, QSRs, delivery kitchens and star hotels; such as Curefoods (Eatfit, HRX by Eatfit, Nomad Pizza, Olio Pizza), GOPIZZA, Shangri-La, Go Native, Royal Orchid, Toscano, and Trippy Goat, across Bengaluru, Mumbai, Delhi, and other locations.

In January,  Rainmatter had backed fintech platform MProfit in its maiden funding round.