# Naagin: Food production, Mumbai, India

> Naagin: Naagin Sauce, officially known as Miksar Foods Private Limited, is India's first premium hot sauce brand, founded in 2019 by Mikhel Rajani, Arjun...

Source: https://millionrounds.com/startup/naagin (Millionrounds; every figure on the page links to its filing or article)

India · [Food production startup](https://millionrounds.com/companies)

# Naagin

Naagin Sauce, officially known as Miksar Foods Private Limited, is India's first premium hot sauce brand, founded in 2019 by Mikhel Rajani, Arjun Rastogi, and Kshitij Neelakantan.

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Funding reported Last round: Seed

Food production Mumbai, India

Company summary

- **Founded:** 2019 7 years old
- **Team:** 33 11 to 50 people
- **Funding reported:** 75M as listed, currency not stated
- **Last round:** Seed Aug 2022

How sure we are

- ✓ **Listed** We know it exists and what it does
- 2 **Funding reported** A company dataset reports a raise
- 3 **Observed** A filing or a dated announcement confirms a round

No round for Naagin has been confirmed by a filing or an announcement yet, so nothing here counts toward an investor's record. [How we decide](https://millionrounds.com/methodology)

## About Naagin

Naagin Sauce, officially known as Miksar Foods Private Limited, is India's first premium hot sauce brand, founded in 2019 by Mikhel Rajani, Arjun Rastogi, and Kshitij Neelakantan.

Based in Mumbai, the company focuses on creating authentic, chili-forward sauces that celebrate India's rich culinary heritage. With a commitment to using real vegetables and locally sourced ingredients, Naagin offers a diverse range of products, including signature hot sauces, pantry essentials, and cooking sauces. The brand has gained recognition for its unique approach, moving away from traditional vinegar-based sauces to thick, full-bodied options that highlight the natural flavors of Indian chillies. Naagin Sauce has successfully positioned itself in the global hot sauce market, serving over 500,000 customers across seven countries, including the US, UAE, UK, and Australia. The company also provides services for the hospitality sector and engages in brand collaborations to expand its reach.

## What company datasets say Naagin raised

Funding, as reported

Reported in all **75M** in the source's currency

Rounds **1**

Last round **Seed**

Last round size **2.1M**

Last round date **Aug 2022**

Investors listed **2**

## The company, in detail

What they build

Known for

food service consumers indian spice culture distribution manufacturing white labelling sauce development food innovation snack food manufacturing information technology & services local farmers d2c brand bhut jolokia chili flavor enhancement food production hot sauces

Built with from their website

Google Maps Google Tag Manager Google Ads Shopify Product Reviews Font Awesome YouTube MailChimp Google Workspace CloudFlare Gem

+8 more

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- **Sector:** Food production
- **Industry code:** NAICS 31191, 311941, SIC 2099
- **Region:** Maharashtra
- **Full record:** [Every detail in the company directory](https://millionrounds.com/directory/naagin)

## Food production in India

Startups like it

- [**Aibono** Bengaluru · founded 2014 *Raised*](https://millionrounds.com/company/aibono)
- [**Walko Food Company** Mumbai · founded 2012](https://millionrounds.com/startup/walko-food-company)
- [**Tirumala Milk Products (P) Ltd** Hyderabad · founded 1996](https://millionrounds.com/startup/tirumala-milk-products-p-ltd)
- [**Iscon Balaji Foods** Ahmedabad · founded 2012](https://millionrounds.com/startup/iscon-balaji-foods)
- [**STEER World** Bengaluru · founded 1993](https://millionrounds.com/startup/steer-world)
- [**iD Fresh Food** Bengaluru · founded 2006](https://millionrounds.com/startup/id-fresh-food)
- [**Rozzana** Kolkata · founded 2009](https://millionrounds.com/startup/rozzana)
- [**Skippi** Hyderabad · founded 2021](https://millionrounds.com/startup/skippi)

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