India, Dec. 19 -- Mumbai-based packaged food startup Alimento Agro Foods has raised INR 52 Cr (about $5.8 Mn) in its Series A funding round from IvyCap Ventures.

The startup plans to use the capital for expansion of its manufacturing capacity, strengthening nationwide distribution, and accelerating product innovation.

Founded by Prateek Bhagchandka and Mugdha Bhagchandka, Alimento Agro operates two food brands. It launched MOM - Meal of the Moment, under which it offers instant home-style meals like vegetable biryani, masala upma, pongal, pav bhaji, and healthy snacks such as roasted makhanas and masala oats, in 2017.

Alimento launched Korean-inspired noodle brand Gimi Gimi earlier this year. It sells ramen varieties such as umami and ...