bigideaventures
  • Accelerator
  • Funds
  • Portfolio
  • Team
  • Events
  • Media
  • Careers
  • Contact
  • Apply
Select Page

Plant-Based Egg Startup Evo Foods Receives Capital from VegInvest and Shiok Meats CEO

by admin | Jun 15, 2020 | Press

The Indian plant-based egg startup Evo Foods has announced two new investments. The capital comes from VegInvest, a vegan investment firm, and angel investor Dr. Sandhya Sriram.

Dr. Sriram is CEO and co-founder of cultivated shrimp company Shiok Meats, while VegInvest has invested in several clean meat startups such as Mosa Meat and Wild Earth in the past.

Previously, Evo Foods has received funding from Wild Earth founder Ryan Bethencourt and venture firm Big Idea Ventures. The startup intends to use the capital to fuel its product development. With the help of its investors, it hopes to launch its first product in September 2020. Eventually, it aims to expand from India into other south-east Asian countries.

© VegInvest

Evo Foods was founded by Kartik Dixit and Shraddha Bhansali in 2019. The startup uses lentil proteins to produce an animal-free liquid egg alternative. The product is sustainable, cholesterol-free, and ethical. While a few other companies such as JUST have developed plant-based egg alternatives, the sector still remains small.

A recent ProVeg survey revealed a huge demand for egg substitutes. With a billion eggs currently produced annually in India, the availability of plant-based alternatives could have a big impact. But investments are vital to help startups in the sector get off the ground.

“We are proud that Evo has been garnering all the right attention from mission-aligned mentors and investors,” said Evo Foods co-founder Shraddha Bhansali to Green Queen Media. “We’re so excited for more things to come.”

Recent Posts

  • Meet the All Women-Led Advisory Board Leading Agri-Food Tech Development through BIV’s GFRP Fund
  • Que Font Les Fonds? Le portrait de Big Idea Ventures
  • Jellatech Debuts Cell-Based Human Collagen As Investigation Links Industry to Deforestation
  • BIV Named #1 Agri Food Tech Investor Globally in AgFunder Investment Report
  • Nanocellulose Material, Our Petroleum-based Packaging Savior?

Categories

  • Blog
  • Podcast
  • Portfolio
  • Press
  • Research Paper
  • Uncategorized
Apply to join our New Protein Fund accelerator program

.

Apply to join a GFRP NewCo Management team
  • Contact
  • Funds
  • Investing
  • Partners
  • Portfolio
  • Media Kit
  • Research
  • Terms
  • Anti Spam
  • Copyright
  • DMCA
  • FTC
  • Privacy
  • Social Media
New York

88 Pine St., 14th Floor
New York, NY 10005

Singapore

28a Keong Saik Road,
SG 089135

Paris

Station F, 5 Parv. Alan Turing 75013 Paris, France 

Newsletter
Stay on top of our latest news.
Loading
Don’t worry, we won’t spam you.
© 2020 Big Idea Ventures. All Rights Reserved
  • Follow
  • Follow
  • Follow
  • Follow
 
Required 'Candidate' login to applying this job. Click here to logout And try again
 

Login to your account

  • Forgot Password?

Reset Password

  • Already have an account? Login

Enter the username or e-mail you used in your profile. A password reset link will be sent to you by email.

Close
 

Answers

 

Account Activation

Before you can login, you must active your account with the code sent to your email address. If you did not receive this email, please check your junk/spam folder. Click here to resend the activation email. If you entered an incorrect email address, you will need to re-register with the correct email address.