Snackible is a health food brand operated by LightSaber Food Ventures that sells healthy, chemical-free snacks. Its product range spans sweet, savoury, low-calorie, high-fibre, high-protein, gluten-free and lactose-free categories to serve varied dietary needs. The brand sells offline in Mumbai, Delhi and Bengaluru through partners including Godrej Nature’s Basket, Foodhall, Hypercity and Le marche, and online via its own website, BigBasket, Amazon and Shophop. LightSaber Food Ventures was founded by Aditya Sanghavi in 2015. The company recently secured an undisclosed funding round from investors including Mumbai Angels Network and 1Crowd, and previously raised $175,000 in an April 2017 angel round. No revenue or user metrics were disclosed in the article. Competitors mentioned in the article include Frubites, The Mumum Co, Sattviko and Timla Foods. LightSaber Food Ventures (Snackible) develops and sells a range of healthy snacks across sweet, savoury, low-cal, high-fibre, high-protein, gluten-free and lactose-free categories. It offers 26 SKUs and plans to add around 10 more within the next year, plus a diabetic-friendly snack line. Snackible began as a subscription and delivery service and now sells via its own website, 15 online marketplaces, 650 points of sale and institutional channels; it is operational in Mumbai, Bengaluru and Delhi and delivers to customers in 160 cities. The company outsources manufacturing to eight contract manufacturers and manages fulfillment from a centralized Mumbai warehouse employing about 25 people. Snackible reports about 25,000 customers, roughly 40 online orders per day, and distribution in 175 stores in Mumbai, 70 in Delhi and 40 in Bengaluru; online channels account for ~20% of sales, retail ~40%, institutional ~30% and marketplaces ~10%. Management is targeting operational break-even within six months and plans geographic expansion across additional Indian cities and overseas markets (Middle East, UK).

Total raised

$0M

Funding rounds

1

Latest round

Equity

Latest activity

Apr 2017