The company will leverage its latest funding to build offline distribution, strengthen its marketing strategies, boost its D2C brand 'Health Horizons' and launch new products
Mumbai Angels, a premium platform for private investments, invests in Hemp Horizons, a vertically integrated, zero waste and carbon-negative pioneer in the domestic hemp industry. The undisclosed funding round that saw the participation from Hindustan Media Ventures Pvt Ltd, and others, will enable Hemp Horizons to build a robust offline distribution network, strengthen marketing strategies, promote its D2C brand 'Health Horizons,' and launch new products.“With the recent regulatory amendment advancing the recognition of Hemp seed as a nutritional superfood product, the Hemp industry is upbeat about its growth prospects. I am confident that as an established vertically integrated player focused on driving a carbon-negative footprint, Hemp Horizons is set to capitalize on the Hemp revolution for the unabated future growth,” said Nandini Mansinghka, Co-Founder & CEO of Mumbai Angels.
"With this renewed support from our previous investors, Mumbai Angels and Hindustan Media Ventures Pvt Ltd, we are all set to build a much larger organization at Hemp Horizons. We are excited to see how the hemp and cannabis industry has evolved since our inception five years ago. At Hemp Horizons, we don't just sell products but encourage a zero-waste ecosystem. We have created a sustainable foundation with an unbreakable supply chain, in-house GMP, and USFDA-registered manufacturing and packaging facility. Every product we sell comes right from the farm into the customers' hands, and Hemp Horizons is the only channel in between."
"With these fresh funds, we will be building our offline distribution network, which will allow us to create a true D2C system that is sustainable and has a relatively lower carbon footprint. For consumers, I would like to say, read the labels and do your research before buying the products. It's important to know the lifecycle of every product. The Indian hemp and cannabis industry is growing significantly, and soon we will be an exporter to the world,"added Co-Founder & CEO of Hemp Horizons, Rohit Shah.
Founded in 2017, Hemp Horizons is the brainchild of Rohit Shah, Kartikey Dadoo and Kanishk Yadav. It was initially set out to be a vertically integrated company. Over the last five years, the company has witnessed significant growth. It currently operates a 20MT manufacturing facility for hemp seed and cannabis to develop health and wellness products. Hemp Horizons has already collaborated with more than 40 labeling companies to supply their products. Its brand 'Health Horizons' has also recently launched several avant-garde products in India and gained 7000+ D2C clients.
About Mumbai Angels
Started in 2006, Mumbai Angels, India's premier platform for private investment, holds an AUM of USD 130 Mn and a 200+ strong portfolio spanning a wide range of sectors, such as Technology, Consumer, Life Sciences, DefenseTech, SpaceTech, EV, AgriTech, FinTech, EdTech, Gaming and Content, etc. Of the overall portfolio, the platform has exited/secured the next round of funding for 100+ of them. The platform has 700 investors spread across 60+ Global and Indian cities.
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