Sixth Sense Ventures Picks Up Stake In Spices Brand Pushp For INR 100 Cr

Sixth Sense Ventures Picks Up Stake In Spices Brand Pushp For INR 100 Cr

SUMMARY

Through this deal, Sixth Sense has also bought a stake in Pushp from its initial institutional investor A91 Partners

Indore-based Pushp is known for processing and blending spices like chilli, turmeric and coriander

According to a regulatory filing by Tofler, Pushp recorded a 20% YoY growth in its FY23 operating revenue to INR 338 Cr, while its profit declined from over INR 16 Cr to nearly INR 10 Cr due to rising raw material prices

Consumer-focused fund Sixth Sense Ventures, which has backed companies like Bira91, Vahdam and Veeba Foods among others, has invested INR 100 Cr (around $12 Mn) in Indore-based spices brand Pushp.

Sixth Sense Ventures founder and CEO Nikhil Vora told ET that through this deal the VC firm has also bought a stake in Pushp from its initial institutional investor A91 Partners.

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