Let’s Try Raises $2.5 Million from Singapore’s SWC Global
In a significant development in the Indian startup ecosystem, Let’s Try, a premium and affordable snack brand, has secured $2.5 million in funding led by Singapore-based SWC Global. This latest investment round, which also saw participation from investors like Wipro Consumer and Aman Gupta, marks a significant milestone for the brand as it aims to scale its operations and expand its offerings in the health-forward snacks segment.
Founded by Nitin Kalra, Let’s Try has established itself as a go-to destination for consumers looking for high-quality, affordable snacks that cater to their discerning tastes. The brand has built a strong reputation for its innovative products, which are made with premium ingredients and are free from artificial preservatives and additives.
The latest funding round will enable Let’s Try to boost its distribution network, enhance its marketing efforts, and drive innovation in its product portfolio. The brand has ambitious plans to achieve ₹1,000 crore in revenue by 2028, and the fresh injection of capital will help it accelerate its growth trajectory.
Let’s Try’s success can be attributed to its unique value proposition, which combines affordability with premium quality. The brand has managed to disrupt the traditional snack food market by offering products that are not only delicious but also healthy and nutritious. Its range of snacks is carefully crafted to cater to the evolving tastes and preferences of Indian consumers, who are increasingly seeking healthy and sustainable options.
The funding round led by SWC Global demonstrates the confidence that investors have in Let’s Try’s business model and its growth potential. SWC Global, a Singapore-based venture capital firm, has a strong track record of investing in Indian startups that have the potential to scale globally. Its partnership with Let’s Try marks a significant milestone in its journey to support Indian entrepreneurs and help them achieve success in the global market.
Wipro Consumer, another investor in the latest funding round, is a well-established player in the Indian consumer goods market. The company has a strong presence in the country and has a deep understanding of the Indian consumer’s preferences and behaviors. Its partnership with Let’s Try is a testament to the brand’s potential to disrupt the traditional snack food market and its ability to scale its operations rapidly.
Aman Gupta, the founder of boAt, a popular Indian consumer electronics brand, is also an investor in Let’s Try. Gupta, who has built boAt into a successful brand, brings his expertise and insights to the table, which will be invaluable to Let’s Try as it navigates the competitive snack food market.
The funding round is a significant endorsement of Let’s Try’s business model and its growth potential. The brand has built a strong foundation in the Indian market, and the latest investment will enable it to scale its operations and expand its offerings in the health-forward snacks segment.
In conclusion, Let’s Try’s $2.5 million funding round is a significant development in the Indian startup ecosystem. The brand has established itself as a premium and affordable snack brand, and its latest investment will enable it to scale its operations and achieve its ambitious revenue targets. With the support of investors like SWC Global, Wipro Consumer, and Aman Gupta, Let’s Try is poised to become a leading player in the Indian snack food market and a global brand in the years to come.
Source: https://startuptalky.com/news/lets-try-raises-2-5-million-funding/
