Amount Raised
₹36 Million
Round Type
Seed
BengaluruFood And BeverageInvestors
Description
Basil has raised Rs 3.6 crore seed funding co-led by IIMA Ventures (formerly IIMA-CIIE) and Appreciate Capital. The round also saw participation from angel investors such as Mohit Sadaani, Aprameya Radhakrishna, Abhishek Goyal, Malini Adapureddy, and Brij Bhushan. The funds will be used to bolster its D2C play, expand reach via e-commerce channels, and expand its product portfolio. Basil aims to deploy 30 per cent of the capital into R&D to develop a nuanced view of market requirements.
Quick answer
Basil raised ₹36 Million in a Seed round, dated February 19, 2024. Investors: Brij Bhushan, Malini Adapureddy, Abhishek Goyal, Aprameya Radhakrishna, Mohit Sadaani, Appreciate Capital and IIMA Ventures. Basil is based in Bengaluru, Karnataka, India.
- How much did Basil raise?
- Basil raised ₹36 Million in a Seed round on February 19, 2024.
- Who invested in Basil?
- Brij Bhushan, Malini Adapureddy, Abhishek Goyal, Aprameya Radhakrishna, Mohit Sadaani, Appreciate Capital and IIMA Ventures are named as investors in this round.
- What does Basil do?
- Founded by Harini Rajagopalan (Ex Amazon, Flipkart group) and Mahesh Muraleedharan (launched Uber in India as their first employee) in 2023, Basil is a first-of-its kind D2C startup aiming to reimagine the consumer..
- Where is Basil based and how big is it?
- Basil is based in Bengaluru, Karnataka, India.
Source: Fundz verified event record.
Who else raised in Food And Beverage around the same time
Companies in the same sectors as Basil that raised within 45 days of this round, from Fundz verified event records.
- Marley Spoon Group SE raised $7K (Pre-Seed) on April 4, 2024.
- Troo Good raised $9M on March 30, 2024.
- Ripple Foods raised $11M on March 27, 2024.
- mushröm raised $2.3M (Seed) on March 25, 2024.
- Theo Chocolate raised $8.6M on March 22, 2024.
- Edenesque raised $175K (Pre-Seed) on March 22, 2024.
Who to call at Basil, and when
A new round usually means Basil is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day Basil raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Basil, from your own LinkedIn network
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Basil raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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