Natch secured Rs 3 crore in seed funding in a recent funding round. Artha Venture Fund led the round, with significant participation from the DSP Family Office. The company plans to utilise these funds to expand its omnichannel presence, improve distribution, increase marketing efforts, and innovate in product development, as per the statement.
Founded in 2017 by Matthew Taff and Meher Vakil, Natch offers a range of snacking options. Natch aims to introduce indigenous ingredients to a global audience, addressing the gap in the market for high-quality, clean-label snacks.
Matthew Taff, Co-founder of Natch, stated, “We are thrilled to partner with Artha Venture Fund and DSP Family Office, marking an important milestone for Natch. Their support is crucial as we aim to set a new standard in premium snacking in India. With this investment, we are well-positioned to broaden our reach, enhance our production capabilities, and introduce innovative products to our customers worldwide.”
Anirudh A. Damani, Managing Partner at Artha Venture Fund, commented, “The global snacking industry is undergoing a significant transformation, with a noticeable shift towards healthier options. Natch has successfully captured a niche in this evolving market with its commitment to quality and understanding consumer preferences. We are excited to join Natch’s journey as they continue to innovate and grow.”
Looking ahead, Natch plans to leverage its established distribution network to enter metropolitan and tier 1 cities across India and increase its presence in the quick commerce sector.
The Indian snacking industry, valued at USD 12 billion in 2022, is expected to grow at a CAGR of 12 per cent from 2023 to 2028. As this market expands, Natch is well-positioned in the premium, healthy snacking segment, ready to meet the increasing demand for clean, wholesome snacking options.
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