Chennai’s The Indus Valley raises $17 million in Series B round led by Gaja Capital

Chennai-headquartered Healthy Cookware startup The Indus Valley has raised $17 million (₹161 crore) in a Series B funding round led by Gaja Capital. The company’s investors include DSG Consumer Partners, Rukam Capital, and The Chennai Angels. The funds raised will be used for category expansion, marketing initiatives, and scaling our business, said Jagadeesh Kumar, Co-Founder & CEO of The Indus Valley.

Gopal Jain, Managing Partner at Gaja Capital, said that The Indus Valley had reimagined cookware for the modern Indian family, proving that toxin-free, non-coated solutions can scale. Hariharan Premkumar, MD & Head of India, DSG Consumer Partners, said, “We have had the pleasure of partnering with The Indus Valley on their journey from ₹12 crore to ₹200 crore.”

Founded in 2016 by Jagadeesh Kumar and Madhumitha Uday Kumar, the company offers toxin-free, non-coated cookware solutions across cast iron, iron, stainless steel, triply cookware, and pressure cookers. The company has a significant social media presence with nearly 5,00,000 followers across various platforms. More recently, it had extended its presence in the offline retail channel with an expanding general and modern trade footprint across India. The company had scaled to an annual revenue of ₹200 crore and set a target to reach ₹1,000 crore in annual revenue by 2030.