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Hungry Foal Raises Funding From GAIL India’s Startup Initiative ‘Pankh’

Hungry Foal Raises Funding From GAIL India’s Startup Initiative ‘Pankh’

Gurugram based nutrition enriched food manufacturing startup Hungry Foal has secured a Pre-Series A funding from GAIL (India) Ltd  under GAIL’s startup initiative ‘Pankh’.

The agreements were exchanged at ‘Startup Sangam’ – an event organized by Ministry of Petroleum and Natural Gas in the presence of Shri Dharmendar Pradhan, Minister of Petroleum & Natural Gas and Skill Development & Entrepreneurship, Govt of India at The Taj Mahal Hotel, New Delhi, INDIA.

Hungry Foal energy bite

The funds will be used for market expansion, technology and production ramp up, the company told in a press statement.

JV Foodworks Pvt Ltd owned Hungry Foal was started 15 months ago, developed its products in technical collaborations with the scientists at SINED – TBI, NDRI, Karnal.


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“Our products are available at approx 35%-40% lower cost (25g @ Rs.5) in its class and category. All our products are being sold via mom & pop stores (Kirana stores) in Delhi / NCR,” said Vivek Kaushik, CEO and founder Hungry Foal.

A Govt of India recognized Startup (DIPP3645), JV Foodworks Pvt Ltd, is making nutrition tasty, affordable and accessible to all. Hungry Foal, a bootstrapped venture, had earlier raised funds from Angels and State Bank of India ( under Stand Up India Policy, Govt . of India ).

In line with Govt of India’s vision of #MalnutritionFreeIndia, the startup is aiming for all women & children to be free from nutritional deficiencies in all its forms.

 


 

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