Mumbai-based healthy snack brand Open Secret has raised Series B round of funding led by Ananta Capital.
The round also saw the participation from Gautham Kumara, Chairman – Asia at Mckinsey & Co. along with existing investors, Matrix Partners India and Sixth Sense Ventures.
VERTICES PARTNERS advised Open Secret and its Promoters with a team led by Partner Vishal Mehta along with Associate Partner Vani Panicker and Senior Associate, Anushree Pathak.
Founder & Managing Partner, Vinayak Burman provided strategic inputs.
Spice Route Legal advised Ananta Capital with a team led by Partner Praveen Raju along with Senior Associate Renuka Abraham.
ICUL advised Matrix Partners and Sixth Sense Ventures with a team led by Partners Sambhav Ranka and Rowena Desousa along with Senior Associate Urvi Gala.
Open Secret will deploy the funds to launch products, build team, invest in tech infrastructure and expand its omnichannel distribution network
Open Secret sells an array of food and beverages such as cookies, dry fruits, chocolates, and cereals etc through its website, ecommerce marketplaces and other retail outlets
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