Fresh food startup Living Food closes $7.5 million funding round led by Amasia

New Delhi: Fresh food startup Living Food on Wednesday said it has raised $7.5 million led by Amasia, a US-based venture capital firm which focuses on backing companies in the climate change and sustainability space.

SOSV, Blume Founders Fund, and angel investors, including Xander Group founder Sid Yog and Nexus Venture Partners cofounder Sandeep Singhal also participated in the financing.

Founded by Akash Sajith in 2018, the company focuses on delivering locally sourced produce to consumers. The company has expanded to include over 700 stock-keeping units (SKUs) in 24 categories, such as seasonal fruits, leafy greens, fresh bread, artisanal chocolates, spreads and sauces, cold-pressed oil, in Bengaluru.

The company plans to expand to Mumbai in early 2022 and to more markets later in the year.

With the new round of funding, Living Food will also grow its team, improve logistics and tech offerings, as well as launch new brands.

The startup recently launched a cloud kitchen where dishes are prepared from fresh products sold on its platform.

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“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.

Some of Amasia’s investments globally include Skillshare, Tokopedia, Dialpad and Xendit.

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

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