Food startup Lo! Foods has raised $3.5 million in its Series B funding round led by Rainmatter. In another development, PhysicsWallah has appointed Satish Sharma as its chief marketing officer (CMO).
Lo! Foods raises $3.5m led by Rainmatter
Lo! Foods, a Bengaluru-based food startup, has raised $3.5 million in its Series B funding round led by Rainmatter, an initiative by Zerodha and Singapore-based Capital Code.
The funding also saw participation from Mount Judy Ventures, Ice.VC, KPB Ventures, and other existing investors, per media reports.
The fresh capital will be allocated toward expanding warehousing infrastructure, upgrading backend technology, initiating offline pilot programmes in Bengaluru, and boosting brand visibility for Protein Chef, Entrackr reported.
According to the company, the brand has rapidly emerged as Lo! Foods’ biggest growth engine, contributing significantly to the startup’s near-Rs 100 crore annual recurring revenue milestone.
Lo! Foods operates through four main product lines: Protein Chef (high-protein foods), Keto Smart (targeting weight loss), DiabeSmart (for diabetes management), and GlutenSmart (for those with gluten sensitivities).
In addition, Lo! Foods plans to introduce new product offerings and is preparing to rebrand DiabeSmart as Sugar Smart to better align with its market strategy.
PhysicsWallah names Satish Sharma as CMO
Education technology company PhysicsWallah on Wednesday announced that it has appointed Satish Sharma as its chief marketing officer (CMO).
In his new role, Sharma will be responsible for shaping and executing the company’s brand and marketing strategy.
“The brand’s attempt at making education accessible to those who wish to learn deeply resonates with me. I look forward to building on the incredible momentum the team has been trying to create and helping to try and amplify the impact with authenticity and empathy,” Sharma said.
A graduate of IIT Varanasi, Sharma brings with him over 20 years of experience spanning entrepreneurship, digital transformation, marketing leadership, and strategic growth. Most recently, he co-founded Unyscape, a marketing and analytics firm, where he served as chief operating officer and CMO.
In the past, Sharma has also worked with global companies like IBM and Tata Steel.
