About Food Processing sector in Mumbai, India
The Food Processing sector in Mumbai, India comprises 222 companies, including 23 funded companies having collectively raised $164M in venture capital money and private equity. Out of these, 19 are Series A+ funded.
Food Processing sector in Mumbai, India has seen 3 acquisitions and 14 IPOs. This represents almost 7.7% of all such companies - which is higher than the 5.0% exit rate of tech companies in general.
This sector includes companies that are involved in the processing of food and agricultural commodities to manufacture final or intermediate food products.
Companies involved in the processing of fruits & vegetables, meat & seafood, dairy, manufacturing of food ingredients, pet food manufacturers are included in this sector. Companies processing and selling food products through their own brands, food service businesses, food distributors, agricultural commodity traders, farming companies, animal feed manufacturers, food equipment manufacturers. Service providers such as R&D, logistics, marketing, enterprise solutions are excluded.
Top Food Processing Companies in Mumbai, India
There are 222 Food Processing startups in Mumbai, India which include Roha, VKL Seasoning, HFL, Thirumalai Chemicals, Scandalous Food. Out of these, 23 startups are funded, with 19 having secured Series A+ funding.
Over the past 10 years, an average of 4 new companies have been launched annually. Notably, several of these startups have been founded by alumni of IIT Roorkee.
Here is the list of top Food Processing startups in Mumbai, India
1. Roha
Key facts about Roha
- Founded Year: 1972
- Location: Mumbai (India)
- Stage: Unfunded
- Tracxn Score: 59/100 What is this?
- Competitors Rank: 1 of 19 Competitors
Provider of seasoning solutions and expertise for the food industry. It offers seasonings that enhance culinary creations with taste and consistency. The company crafts seasonings for optimal nutrition, flavour, and well-being. The company partners with the food industry to deliver effective seasoning solutions.
Key facts about VKL Seasoning
- Founded Year: 1935
- Location: Mumbai (India)
- Stage: Acquired
- Total Funding till date: $29.2M
- Investors: True North, Bank of America and 4 Others
- Latest Funding Round: PE, Oct 01, 2014, $*****
- Tracxn Score: 54/100 What is this?
- Competitors Rank: 1 of 376 Competitors
3. HFL
Manufacturer of convenience foods and personal care products. It offers a diverse range of FMCG products, including processed foods, personal care items, home care products, and leatherwear.
Key facts about HFL
- Founded Year: 1984
- Location: Mumbai (India)
- Stage: Public
- Investors: WestBridge Capital, Nepean Capital and 2 Others
- Latest Funding Round: Post IPO, Feb 27, 2019, $*****
- Tracxn Score: 52/100 What is this?
- Competitors Rank: 3 of 124 Competitors
Manufacturer of phthalic anhydride, malic acid, and fumaric acid. It produces fine chemicals for diverse industries. The company emphasizes sustainability initiatives, including water conservation and waste heat harnessing. A focus on environmental and safety standards is a key aspect of its operations. It also invests in community development programs.
Key facts about Thirumalai Chemicals
- Founded Year: 1973
- Location: Mumbai (India)
- Stage: Public
- Tracxn Score: 49/100 What is this?
- Competitors Rank: 1 of 6 Competitors
Platform for manufacturing and selling sweets. It offers a variety of traditional and contemporary confectionery products made with quality ingredients. The platform focuses on delivering authentic flavors through carefully crafted recipes and packaging.
Key facts about Scandalous Food
- Founded Year: 2021
- Location: Mumbai (India)
- Stage: Seed
- Total Funding till date: $613K
- Investors: Anthill Ventures, EvolveX Accelerator and 25 Others
- Latest Funding Round: Seed, Apr 21, 2025, $*****
- Tracxn Score: 48/100 What is this?
- Competitors Rank: 3 of 189 Competitors
Companies founded year-on-year in the Food Processing sector in Mumbai
9 Food Processing startups in Mumbai were founded in 2018 - this is the most number of startups founded in any year in the last 10 years.
- Total Number of Companies
Year | No. of companies |
|---|---|
2026 | - |
2025 | - |
2024 | 5 |
2023 | 4 |
2022 | 2 |
2021 | 6 |
2020 | 8 |
2019 | 7 |
2018 | 9 |
2017 | 8 |
Stage-wise distribution of Food Processing sector companies in Mumbai
Out of the total 222 Food Processing companies in Mumbai, 23 have secured funding. Among them, 19 have reached Series A or higher, and 18 to Series B or beyond.
Founded - 222
Funded - 23
Series A+ - 19
Series B+ - 18
Series C+ - 17
Company Stage | No. of companies |
|---|---|
Founded | 222 |
Funded | 23 |
Series A+ | 19 |
Series B+ | 18 |
Series C+ | 17 |
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Funding Trends in the Food Processing sector in Mumbai
Total funding year-on-year in the Food Processing sector in Mumbai
The Food Processing sector in Mumbai saw a total funding of more than $69.9M in the last 10 years. The most amount of funding was in 2022 at more than $32.1M.
- Total Funding
Year | Total Funding |
|---|---|
2025 | $235K |
2024 | $954K |
2023 | $201K |
2022 | $32.1M |
2021 | $303K |
2019 | $22.1M |
2018 | $333K |
2017 | $619K |
Recent Funding Rounds in Food Processing in Mumbai
In the year 2025, till April 2025, Food Processing companies in Mumbai have raised $235K in equity funding across 1 round.
In the same period last year (i.e. till February 2024), Food Processing companies in Mumbai had raised $178K across 1 round.
So, 2025 has seen a 31.95% rise in funding in Food Processing companies in Mumbai as compared to 2024.
Here are some recent, important funding rounds in Food Processing companies in Mumbai:
Company | Round Raised | Amount Raised | Funding Date | Investors |
|---|---|---|---|---|
Seed | 3992 | Apr 21, 2025 | ||
Angel | 3276 | Jul 30, 2024 | and 2 more | |
Seed | 2942 | Feb 07, 2024 | ||
Seed | 6958 | Jun 12, 2023 | ||
Series A | 7070 | Dec 08, 2022 |
Top Investors in Food Processing in Mumbai
DSG Consumer Partners is the top investor in Food Processing companies in Mumbai based on number of companies invested.
Here are some top investors in Food Processing companies in Mumbai:
Investor | Location | Top Portfolio Companies |
|---|---|---|
Singapore (Singapore) | - | |
Greenwich (United States) | - | |
Fort Worth (United States) | - | |
Toronto (Canada) | - | |
New York City (United States) | - |
M&A activity in Food Processing sector in Mumbai
In the year 2018, till November 2018, 1 acquisition happened in Food Processing sector in Mumbai.
Here are some recent, important acquisitions in Food Processing sector in Mumbai:
Company | Acquisition Type | Acquisition Date | Acquirers |
|---|---|---|---|
Business Acquisition | Nov 20, 2018 | ||
Business Acquisition | Sep 24, 2015 | ||
Business Acquisition | 2013 | ||
Business Acquisition | 2013 | ||
Business Acquisition | Mar 21, 2012 |
Acquisition trends in Food Processing sector in Mumbai
Here are the acquisition trends in Food Processing sector in Mumbai:
- Total Number of Acquisitions
Year | No. of companies |
|---|---|
2026 | - |
2025 | - |
2024 | - |
2023 | - |
2022 | - |
2021 | - |
2020 | - |
2019 | - |
2018 | 1 |
2017 | - |
IPOs in Food Processing in Mumbai
In the year 2025, till August 2025, 1 IPO happened in Food Processing sector in Mumbai.
Here are some recent, important IPOs in Food Processing sector in Mumbai:
Company | IPO Date | Exchange Symbol |
|---|---|---|
Aug 26, 2025 | National Stock Exchange (NSE), Bombay Stock Exchange (BSE) | |
Jul 22, 2024 | Bombay Stock Exchange (BSE) | |
Jun 06, 2023 | National Stock Exchange (NSE) | |
Nov 25, 2021 | National Stock Exchange (NSE) | |
Nov 16, 2021 | National Stock Exchange (NSE) |
Top News in Food Processing in Mumbai
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Hindustan Foods Announces Analyst/Investor Meeting on September 10, 2025Moneycontrol•Sep 04, 2025•HFL
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Scandalous Foods Teams Up With Zepto Café To Redefine Mithai DeliveryHotelierIndia•Feb 20, 2025•Scandalous Food, Zepto
•
Bites Teams Up with Unilever Food Solutions to Launch Bites 2.0, Enhancing Frontline Workforce EngagementBusiness News This Week•Dec 20, 2024•Bites, Unilever Food Solutions
•
Bajaj Healthcare stock surges 13% as firm inks definitive CDMOMoneycontrol•Feb 28, 2024•Bajaj Health
•
Dwarikesh Sugar Focusing on Producing Ethanol from B-Heavy MolassesChemical Industry Digest•Dec 12, 2023•Dwarikesh Sugar Industries
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Sixth Sense Ventures nears multi-bagger exit from logistics firmVCCircle•Oct 31, 2023•Sixth Sense Ventures, HFL
•
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Amperity to help Reckitt maximize and scale first-party dataChannelLife•Dec 14, 2022•Amperity, Reckitt, HFL
•
Bajaj Healthcare Completes Usfda Pre-approval Inspection Of Vadodara PlantBusiness Standard•Nov 18, 2022•Bajaj Health
•
Dwarikesh Sugar Standalone September 2022 Net SalesMoneycontrol•Oct 28, 2022•Dwarikesh Sugar Industries
