• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer
  • Skip to navigation
Close Ad

The Spoon

Daily news and analysis about the food tech revolution

  • Home
  • Podcasts
  • Events
  • Newsletter
  • Connect
    • Custom Events
    • Slack
    • RSS
    • Send us a Tip
  • Advertise
  • Consulting
  • About
The Spoon
  • Home
  • Podcasts
  • Newsletter
  • Events
  • Advertise
  • About

Big Idea Ventures, Ashika Group and Good Food Institute India Team Up for Alt. Protein Fund

by Chris Albrecht
October 8, 2020October 8, 2020Filed under:
  • Alternative Protein
  • Funding
  • News
  • Click to share on Twitter (Opens in new window)
  • Click to share on LinkedIn (Opens in new window)
  • Click to share on Facebook (Opens in new window)
  • Click to share on Reddit (Opens in new window)
  • Click to email this to a friend (Opens in new window)

Big Idea Ventures (BIV), Indian financial services firm Ashika Group and the Good Food Institute India (GFI India) announced today that they are teaming up to create a new investment fund and accelerator focused on alternative proteins in India.

Dubbed, appropriately enough, The India Alternative Protein Fund, the new accelerator will launch in 2021 to fund and support companies focused on “bringing to market innovative plant-based, fermentation-derived, and cultivated meat, seafood, egg, and dairy foods,” according to the press announcement.

Big Ideas Ventures already runs a $50 million international fund and two accelerators in New York and Singapore. BIV worked with GFI India for more than a year to assess investment opportunities in that country, and Ashika Group will manage the investment fund. BIV and Ashika Group have started raising a $25 million fund specifically for India, and the Mumbai-based accelerator will begin accepting applications in 2021.

This new accelerator is certainly striking while the alternative protein iron is hot. In March, the Good Food Institute in America released retail data from SPINS that showed “grocery sales of plant-based foods that directly replace animal products have grown 29% in the past two years to $5 billion.” Even those numbers might need to be adjusted, given that the pandemic caused a boom in sales of plant-based meat, plus the fact that more plant-based products like sausage, eggs and dairy alternatives continue to come out.

Additonally, we’ve also seen continued investment around the world in the alternative foods space with players such as GOOD PLANeT, Outstanding Foods, Better Meat Co., Veggie Victory, NotCo, and Green Monday all receiving funding since the end of May.

Those accepted into The India Alternative Protein Fund will receive funding, mentorship, as well as access to a network of Indian and international corporate partners, restauranteurs, retailers and more.


Related

Get the Spoon in your inbox

Just enter your email and we’ll take care of the rest:

Find us on some of these other platforms:

  • Apple Podcasts
  • Spotify
Tagged:
  • alternative protein
  • Alternative Protein Fund
  • plant-based food

Post navigation

Previous Post Uber Eats’ Revamped App Aims to Make Restaurant Discoverability Easier
Next Post Are Shoppable Recipes About to Have Their Moment?

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

Get The Spoon in Your Inbox

The Spoon Podcast Network!

Feed your mind! Subscribe to one of our podcasts!

Food Waste Gadgets Can’t Get VC Love, But Kickstarter Backers Are All In
Report: Restaurant Tech Funding Drops to $1.3B in 2024, But AI & Automation Provide Glimmer of Hope
Don’t Forget to Tip Your Robot: Survey Shows Diners Not Quite Ready for AI to Replace Humans
A Week in Rome: Conclaves, Coffee, and Reflections on the Ethics of AI in Our Food System
How ReShape is Using AI to Accelerate Biotech Research

Footer

  • About
  • Sponsor the Spoon
  • The Spoon Events
  • Spoon Plus

© 2016–2025 The Spoon. All rights reserved.

  • Facebook
  • Instagram
  • LinkedIn
  • RSS
  • Twitter
  • YouTube
loading Cancel
Post was not sent - check your email addresses!
Email check failed, please try again
Sorry, your blog cannot share posts by email.