Indian foodtech Goodmylk bags US$ 1 million in Seed funding

Bengaluru, Karnataka, Goodmylk is a dairy alternative maker that has raised US$ 1 million (INR 7.3 Cr) in an extension of their seed funding round, held on September 6 2021. The financing bout witnessed the partook of ample of angel investors Jinisha Sharma, Aditya Agarwal (AIprime Nutritions Pvt Ltd), Victoria and Abhishek Shroff, Sustainable Food Ventures, Ice Breakers Technologies Syndicate via Angellist, and Bento Box joining the existing investors Sid Kothari and VegInvest Trust.

What the Founders have to say

Co-founder and CEO of GoodMylk, Abhay Rangan, said in a statement, “We are excited to welcome on board more mission-aligned backers to help scale India’s role in the massively transformational alternative proteins space. We aim to help increase food security and help everyone access more sustainable and ethical products that are good for all.” 

Radhika Datt, co-founder and CFO at GoodMylk said, “This fundraise signals the increasing acceptance of the plant-based space. Consumers can only make better choices when they are available, and that’s what we’re here to do.” 

What the Investors have to say

Sid Kothari of Delhi-based Om Kothari Group said in the release, “Goodmylk has a fantastic founding team who are great executors, they are well-loved within the community, and their products are delicious. I am proud to be an investor in India’s best emerging startup in the sunrise plant-based space.” 

About Goodmylk

Founded in 2015 by Abhay Rangan, Radhika Datt and Veena Sudharshanchar, Goodmylk is Making plant-based food affordable and accessible in India. It Handles customer acquisition and delight, talent acquisition and growth, brand strategy and supply chain. The startup operates with the mission to make plant-based food affordable and accessible in India. GoodMylk profoundly believes in a future where animals are viewed as a living, breathing, and feeling individuals, and animal agriculture no longer exists. Goodmylk strived to make plant-based dairy accessible, experimenting with almond, coconut, soy, quinoa and other mylks before realising that apart from being ‘plant-based, these alternatives needed to function like their dairy counterparts too. Goodmylk has set its sights on creating the next big dairy company in India- minus the animals. They’re just getting started and are excited to bring compassion back to our plates. The startup was also awarded a sum of US$ 5k in Social Impact Award, NVC, CU Boulder, 2018 and the title of Best Vegan Curd Award, PETA, 2019. For more information, visit https://goodmylk.in/. 

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