Phab, a snack company that focuses on healthy and tasty options, has just received a big investment of $2 million (around ₹16.6 crore). This funding came from a group of investors led by OTP Ventures.
The money will help Phab grow its business. They plan to use it to invest in new equipment, hire more people, and make their snacks available in more places, both online and in stores across India.
Started in 2022 by Gayatri and Ankit Chona, phab makes snacks that are high in protein and flavor, so they’re both good for you and delicious. They offer things like protein shakes, powders, and energy bars.
Based in Mumbai, Phab says they use a scientific approach to create their snacks, with nutritionists, scientists, and chefs working together. They want to make it easy for people to get more protein in their diet.
Phab wants to sell their products everywhere in India, both online and in regular stores. They also plan to create new types of snacks.
The company says they’ve already sold over two million of their snack bars and drinks. They also aim to help people who don’t get enough protein by working with schools and organizations that support those in need.