Founded by IIT Guwahati Alumni, D2C Food-Tech Startup Anveshan Grows 65% to Rs 77.5 Crore in FY25; Loss Widens to Rs 11.8 Crore

Food-tech startup Anveshan posted a 65% surge in revenue to Rs 77.5 crore in FY25, up from Rs 47 crore in FY24, according to its financial statements sourced from the Registrar of Companies (RoC).

The company generated Rs 77 crore from operations in FY25, compared to Rs 46.9 crore in FY24, while the remaining income came from other sources in both years. The cost of goods sold rose 54% year-on-year to Rs 44.5 crore in FY25, up from Rs 28.8 crore in FY24.

Employee benefit expenses stood at Rs 6.6 crore in FY25, marking a 38% increase from Rs 4.8 crore in FY24. Finance costs for FY25 amounted to Rs 62 lakh. Meanwhile, the company’s marketing expenses surged 2.8X to Rs 20.3 crore in FY25, compared to Rs 7.2 crore in FY24. 

Overall, the company’s total expenses increased by 70% to Rs 89.5 crore in FY25, up from Rs 52.8 crore in FY24. The net loss more than doubled to Rs 11.8 crore in FY25, compared to Rs 5.7 crore in FY24. On average, the company spent Rs 1.16 to generate every rupee of revenue in FY25, slightly higher than Rs 1.13 in FY24.

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About Anveshan

Anveshan Farm Technologies Private Limited is a Gurugram-based food-tech startup founded in January 2020 by IIT Guwahati alumni Kuldeep Parewa, Akhil Kansal, and Aayushi Khandelwal. The company operates as a direct-to-consumer (D2C) brand focused on minimally processed, traditional Indian food products sourced directly from farmers.

Anveshan leverages technologies such as spectroscopy, IoT, and blockchain to ensure product traceability and quality. The company works with over 7,000 farmers across more than 19 villages in India, helping them earn better prices by adding value to their produce at the source.

Its portfolio includes more than 20 products, such as A2 desi cow ghee, wood-pressed (cold-pressed) oils like coconut, groundnut, and black sesame, raw honey, seeds sourced from native regions, stone-ground spices, and a range of minimally processed snacks and sweets free from additives. 

The company also enables food micro-entrepreneurs in villages across India to produce these products using traditional methods. This approach not only ensures product quality for consumers but also supports the social and economic upliftment of Indian farmers.

The company sells its products through its website and online marketplaces such as Amazon, Blinkit, and Zepto.

On the funding front, the company raised Rs 48 crore (around $6 million) in April 2025 in a round led by Wipro Consumer Care–Ventures, with participation from DSG Consumer Partners and Titan Capital Winners Fund. Earlier, Anveshan had secured $2 million in a Pre-Series A round in September 2022, led by DSG Consumer Partners. As of March 2026, the company has raised approximately $10.9 million (around Rs 91.4 crore) in total funding.

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