Indian food delivery startup Living Food raises USD 7.5 million in the latest funding round

Living Food, an India based food delivery startup that delivers insanely fresh, clean and credible food, has raised USD 7.5 million, led by Amasia, a US-based venture capital firm that focuses on backing companies in the climate change and sustainability space, on 5 January 2022.

Investors: A US-based venture capital firm that focuses on backing companies in the climate change and sustainability space, Amasia led the latest funding round with participation from SOSV and Blume Founders Fund. In addition, prominent angel investors, including Xander Group founder Sid Yog and Nexus Venture Partners cofounder Sandeep Singhal, also contributed to the round.

Founded in 2013, Amasia is a thesis-driven, global venture capital firm based in Burlingame, California. The firm is currently focused on sustainability and climate. Using a nuanced framework designed around behaviour change, the firm invests in founders with global ambitions, from the Seed to Series B stages, across the United States, Southeast Asia, India, Europe and Latin America. Amasia facilitates their growth with access to global markets, global best practices, and global knowledge.

The Objectives behind the funding: The company plans to deploy the current proceeds to expand to Mumbai in early 2022 and to more markets later in the year. In addition, Living Food will also grow its team, improve logistics and tech offerings, as well as launch new brands.

About Living Food

Founded in 2018 by Akash Sajith, Niranjan KS and Shikha Lakhanpal, Living Food delivers fresh, clean and credible food that is good for health and suitable for planet Earth. It provides fresh and healthy food online. The company’s products include aquaponics and organic produce, which is healthy, chemical-free, and preservative-free, enabling customers to get clean, credible foods made by farmers, bakers, brewers, chefs, and artisans. The startup recently launched a cloud kitchen where dishes are prepared from fresh products sold on its platform.

What the Founder has to say:

“We found plenty of opportunities to grow while remaining focused only on Bengaluru. This funding round is a testament to our relentless focus on transforming our consumers’ eating behaviours. Living Food will continue to work towards providing locally-sourced healthy food that is good for the people and right for planet earth,” said Akash Sajith, Founder and CEO of Living Food, in a press statement.

What the Investor has to say:

“We’re excited to support Living Food in the next chapter of their journey…,” said John Kim, managing partner at Amasia, which also led Living Food’s seed round in 2020.

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