Healthy food brand Khetika expects to make net profit next year

Clean and healthy food brand Khetika, which recently raised $18 million in Series B funding, is very close to achieving an operating profit, while it is expanding its manufacturing capacities to more cities, a top official said.

After having reported a revenue of ₹247 crore last year, a 53 per cent annual growth, its target is to reach ₹1,000 crore in the next three years. The company expects to become net profitable in the next financial year.

The funding round saw participation from new investors such as Narotam Sekhsaria Family Office and Anicut Capital and existing investors such as Incofin India Progress Fund, Rajasthan Gum and Shree Ram India Gums.

The funding also provided an opportunity for one of its early investors, Sidbi Ventures, to exit.

The company, which started operations in 2017, has raised $25 million so far.

Expansion

Khetika’s aim is to provide healthy food, and it has set up nano plants at various locations that cater to localised areas. “We are building multiple capacities, and we will expand the plant capacities as required instead of setting up a large plant in one go,” said co-founder and chief executive officer Prithwi told businessline.

Khetika is known for its range of dosa and idli batters, spices, chutneys, fox nuts, rice and dry fruits. The funds raised by the company will be used to set up more manufacturing units and create brand awareness.

“Where we open the facilities will be key, since some of the manufacturing is centralised,” said Singh. For example, foxnuts are made entirely in Bihar while it has a unit in Gujarat for making spices. Dry fruits and spices will be produced in fewer locations while food items with low shelf life such as batter will require more production bases.

It has a plant in Mumbai and is opening one in Delhi. Very soon there will be units in Bengaluru, Hyderabad and other cities, Singh said. The company has its own chilled supply chain, he added.

The company has been reducing its cash burn over the years and Singh said he doesn’t envisage too much of cash requirements in the future, since its products are high margin, with a niche demand.

Singh pointed out that consumer preferences were shifting to healthier, convenience foods “and this segment is a $350-billion market which currently has mostly unorganised or legacy players and this creates space for brands like ours and that’s why we’re growing fast as well.”

Khetika products will soon be available overseas inthe Middle East, Europe and the US.

Published on July 12, 2025