Ace Blend raises $9.91 mn in 3one4-led round | India Business News
BENGALURU: Nutrition brand Ace Blend has raised $9.9 million led by 3one4 Capital, with existing investor Fireside Ventures also participating.The company plans to use the money for research and product development, including new nutrition formats it expects to launch in the Jan-March quarter of 2027. It said it holds patents for these formats.Started by Shivam Hingorani, Ace Blend made its first sales in 2018. Saif Mehkri, who has nearly three decades of experience in the nutrition industry, joined as co-founder in 2022. Its range includes supplements aimed at heart health, immunity, sleep, recovery and brain health.Ace Blend said it controls ingredient sourcing, formulation and manufacturing. The company said it uses accredited laboratories in Europe for independent clinical validation and automated testing.“That foundation gives the company control over quality and claims, more depth to innovate, and an efficiency advantage that is difficult to reproduce,” said Pranav Pai, managing partner at 3one4 Capital.The company also said it has secured exclusive rights in India to certain technologies developed by ingredient suppliers DSM and TCI. More than 46% of its customers return to make another purchase, it said.Fireside Ventures had previously led Ace Blend’s $3.3 million pre-Series A round. The latest announcement did not disclose the company’s valuation or the size of individual investors’ contributions.
Source: timesofindia.indiatimes.com