Alimento Agro Foods, the company behind MOM Meal of the Moment and Gimi Gimi, has raised ₹52 crore in its Series A funding round led by IvyCap Ventures.
The fresh funds raised will be used to expand its manufacturing capacity, strengthen nationwide distribution, and accelerate product innovation across both brands.
Founded by Prateek Bhagchandka and Mugdha Bhagchandka, Alimento operates in two high-growth consumer segments.
MOM Meal of the Moment focuses on instant meals such as dal chawal, poha and other ready-to-eat offerings, along with snacks positioned as mindful and guilt-free choices. The brand targets consumers seeking home-style flavours that fit into busy lifestyles, especially among working professionals and millennials.
Gimi Gimi targets a distinct consumer segment by offering Korean-inspired noodles that reflect the increasing interest in Korean food and culture in India.
Prateek Bhagchandka, Founder & CEO and Mugdha Bhagchandka, Co-founder and COO of Alimento Agro Foods, said, “We are excited to welcome IvyCap Ventures as partners in our journey. This Series A investment comes at a pivotal time as MOM and Gimi Gimi are gaining strong traction. The capital will enable us to scale manufacturing, enhance distribution, and accelerate innovation across both brands. Our long-term vision is to build Alimento into a house of culturally relevant, consumer-loved food brands that deliver delight with every experience. IvyCap’s trust in our mission further strengthens our resolve to shape the future of flavour-forward Indian food brands.”
Vikram Gupta, Founder & Managing Partner, IvyCap Ventures, said, “Alimento Agro Foods is reshaping how modern India experiences convenient and flavour-rich food. MOM and Gimi Gimi reflect a unique blend of consumer insight, product innovation, and cultural relevance. The team has built strong momentum across both brands, and we are excited to partner with them as they scale nationally and define the next generation of flavour-first Indian food brands.”
