Packaged food startup Alimento Agro Foods Pvt Ltd has raised Rs 52 crore (about $5.8 million) in a Series A funding round led by IvyCap Ventures.
The company owns instant food brands MOM Meal of the Moment and Gimi Gimi.
The fresh capital will be used to expand manufacturing capacity, strengthen pan-India distribution, and support new product development across both brands, as the company looks to scale its presence in the convenience food segment.
Founded in 2015 by Prateek Bhagchandka and Mugdha Bhagchandka, Alimento operates across ready-to-eat, ready-to-cook meals, snacks, and Korean-style noodles. MOM Meal of the Moment targets urban consumers seeking quick meal solutions, while Gimi Gimi focuses on Korean-inspired noodles for Indian tastes, tapping into growing demand for global flavours.
The founders said the funding comes at a stage when both brands are seeing steady demand, with the next phase focused on operational scale-up and wider retail reach. Manufacturing expansion and deeper distribution are expected to remain key priorities.
Headquartered in Kota, Rajasthan, Alimento Agro Foods reported operating revenue of around Rs 36.6 crore in FY24 and aims to build a portfolio of mass-market convenience food brands that can compete with both established FMCG players and emerging consumer startups.
