Chennai-based startup The Indus Valley just landed $17 million (₹161 crore) in Series B funding,with Gaja Capital leading charge. Other investors include DSG Consumer Partners,Rukam Capital,and The Chennai Angels. Funds will mainly go toward expanding into new categories,boosting marketing,and scaling business,said Co-Founder and CEO Jagadeesh Kumar.
Founded 2016 by Kumar and Madhumitha Uday Kumar,The Indus Valley focuses on toxin-free,non-coated cookware. They offer cast iron,stainless steel,triply cookware,and pressure cookers . Company saw big growth,reaching ₹200 crore in annual revenue. Ambitious target: ₹1,000 crore by 2030.
Gopal Jain,Managing Partner at Gaja Capital,said The Indus Valley is reshaping cookware for Indian households. Toxin-free options can really capture market. Hariharan Premkumar from DSG Consumer Partners mentioned their partnership,noting growth from ₹12 crore to ₹200 crore.
With nearly 500,000 social media followers,The Indus Valley's also grown its offline retail presence,spreading across general and modern trade channels in India. But how far can they push this expansion…
