Kumar, Sehwag and some other high net worth individuals have invested a total of Rs 14.5 crore as part of a pre-Series A funding round, according to Satyajit Hange, one of TBOF’s founders.
“The pre-series A will set the base for series A and the funding will be used to expand TBOF’s manufacturing capacity, construct farmer training centres and expand its domestic and international business,” Hange said, adding that the investment will help empower farmers, create more employment opportunities for women in villages and enhance rural livelihoods.
TBOF, set up in 2019 by brothers Satyajit and Ajinkya Hange, sells a range of organic and natural ingredients-based products, including cultured A2 ghee, millets and healthy grain flour, wood pressed oils and nut butters. It practices inter- and multi-cropping of fruits, vegetables, grains, legumes and pulses.
“I am excited to support TBOF’s mission of sustainable agriculture and rural development,” said Sehwag. “It is heartening to see the positive impact they have brought in the lives of farmers and people’s health across India and beyond.”
Kumar said, “I believe in TBOF’s vision and commitment to empowering rural communities through organic farming.”
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The company sells its products in more than 53 countries and over 1,000 cities across India through its official ecommerce website, mobile application, leading ecommerce platforms and prominent food superstores.
Other investors in the round included Tejesh Chitlangi, a corporate lawyer and senior partner at IC Universal Legal, Durga Devi Wagh, an existing stakeholder and client, Crest Ventures, an existing investor, Javed Tapia, a social entrepreneur, and Raju Chekuri, a global business leader and entrepreneur.
