‘Evolved’ has developed a delicious and unique answer to the problem of protein-deficiency prevalent in the average Indian diet. The company uses ingredients such as soy, coconut, rice protein to make their signature offering – Evolved Plant Meat.
The round also saw participation from Anvitha Prashanth (Anyaa Ventures), and Aprameya Radhakrishna (Founder of KOO App); and a group of angel investors – such as Rachel Goenka & Karan Khetarpal (Goenka Ventures Family Office), B G Mahesh (Founder/ ex-MD of OneIndia.com), Sushant Arora (Co-founder of CleanMax Solar), Swapnil Shah (ex-Brand head, Proctor & Gamble), and Vananam Ventures Trust.
Roma Roy Choudhury, Founder & COO of Evolved, said, “Our flagship product is the result of three years of R&D and countless consumer trials. With the infusion of funds, we will be able to build efficiencies across production and supply chain operations and accelerate towards our next milestones.”
Dilip Kumar, for Rainmatter Health, said,“Most Indians don’t get enough protein in their diets, and this is a problem. Common sources of protein like meats also have a high carbon footprint. The approach that Evolved Foods is taking to tackle this with their innovative, protein-rich plant-based foods while being mindful of the carbon footprint really resonated with us. And we’re excited to join them in this journey.”
Pradeep Rao, CEO of Evolved, stated, “This investment will support us in accelerating our growth plans, and help us to capitalize on the strong order pipeline from the domestic and export markets. With our range of offerings, we intend to take India to the world.” According to a recent industry report jointly published by Deloitte & The Good Food Institute India, the combined domestic and global market-size for Indian plant-protein companies is expected to reach Rs 12,708 Cr by 2030.
