Bangalore-based Lumiere seed-to-table organic product firm, Lumiere Organic Venture Pvt. Ltd. has raised an undisclosed amount in a funding round led by group of 20 undisclosed investors.
Lumiere Organic will use the capital for buying more land for organic farming, marketing expenses, opening more physical outlets, scaling up its online shopping portal and also its restaurant division.
Speaking on the development, Manjunath Panickaparambil, founder & CEO at Lumiere Organic said, “Thanks to this funding, in addition to our 8500 Sq ft Marathahalli store and restaurant, Lumiere opened its second store outlet in Whitefield recently and our estore started catering to more parts of Bangalore with 6 days delivery a week. We are planning to open 7 more stores in Bangalore & Cochin and also start online delivery to entire Bangalore and also in talks with more angel investors.”
Founded in 2002 by Manjunath Panickaparambil and Ambrose Kooliath, Lumiere, runs an organic farming venture wherein its farm and bakery products are available in self-branded physical stores besides its estores.
Lumiere Organic’s all the farm produce are used as ingredients in the dishes served at its restaurant, besides being sold under its private label – Lumiere. Besides, the company also works with other farms for its additional requirements and stocks products of other certified organic product partners in its stores.
Launched in Kochi, Lumiere later shifted its base to Bangalore to leverage the growing demand for organic products in the latter. Lumiere has two physical stores in Bangalore along with its online store. By the end of 2016, Lumiere plans to open five more stores.
Last year in this space, online organic marketplace, JoybyNature, secured a funding of $1Mn from Mumbai Angels.
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