FundedIQ
Consumer Goods

Naagin: Funding, Investors & Team (Sep 2026)

Naagin is the original Indian hot sauce brand that focuses on quality, flavor, and representing India's diverse spice culture. They aim to put Indian chillies on the global map, as India is the largest consumer and exporter of chillies worldwide. Despite India's renowned fiery cuisine, no local brand has fully embraced this reputation until Naagin. Each batch of their hot sauce is made with ethically sourced ingredients, including real vegetables and high-quality Indian chillies. Naagin Sauce is a versatile condiment, cooking sauce, or marinade that offers a quality taste upgrade at an affordable price.

naaginsauce.com LinkedIn Mumbai, India 11-50 employees
Total raised
$3.0M
Rounds
2
Latest
Undisclosed round
Jun 2025

Naagin has raised $3.0M across 2 funding rounds on record, the most recent an undisclosed round of $2.1M announced in Jun 2025.

That round is below the $3.5M median round size for Consumer Goods companies tracked on FundedIQ over the last two years.

Naagin Company Profile and Key Stats

Total funding raised
$3.0M
across 2 rounds on record
Funding rounds on record
2
Latest funding round
Undisclosed round
$2.1M in Jun 2025
Employees
11-50
reported band
Headquarters
Mumbai, India

Latest funding round on record: Jun 2025.

Naagin Funding Rounds

Date
Round
Amount
Undisclosed round
$2.1M
Seed
$950k

Naagin raised $950k in a Seed announced in Aug 2022.

2.8 years later, an undisclosed round of $2.1M was announced in Jun 2025.

Naagin Founders and Leadership Team

Name
Role
Contact
Mikhel Rajani
Founder
Locked

Contact details for the Naagin team: 1 of 1 has an email address on file.

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Naagin Funding Compared to Other Consumer Goods Startups

Segment
Companies
Median round
3,220
$3.0M

Naagin's latest round of $2.1M is below the median round in Consumer Goods. Medians cover the last 24 months of disclosed rounds.

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Naagin Funding FAQs

What does Naagin do?

Naagin is the original Indian hot sauce brand that focuses on quality, flavor, and representing India's diverse spice culture. They aim to put Indian chillies on the global map, as India is the largest consumer and exporter of chillies worldwide. Despite India's renowned fiery cuisine, no local brand has fully embraced this reputation until Naagin. Each batch of their hot sauce is made with ethically sourced ingredients, including real vegetables and high-quality Indian chillies. Naagin Sauce is a versatile condiment, cooking sauce, or marinade that offers a quality taste upgrade at an affordable price.

How much funding has Naagin raised?

Naagin has raised $3.0M across 2 rounds on record. The most recent is an undisclosed round of $2.1M announced in Jun 2025.

When did Naagin last raise funding?

Naagin's most recent funding round on record is an undisclosed round of $2.1M, announced in Jun 2025.

Who founded Naagin?

FundedIQ lists Mikhel Rajani (Founder) at Naagin.

Where is Naagin headquartered?

Naagin is based in Mumbai, Maharashtra, India.

How many employees does Naagin have?

Naagin is in the 11-50 employee band.

How does Naagin's funding compare to other Consumer Goods startups?

Naagin's latest round of $2.1M is below the $3.5M median round size for Consumer Goods companies on FundedIQ across 465 tracked companies over the last two years.

About FundedIQ's Naagin Funding Data

FundedIQ tracks announced funding rounds and refreshes this profile every week. Round dates, stages and amounts are normalised to a single format, converted to US dollars, and de-duplicated: two records of the same round announced days apart are merged, and two genuinely different rounds are kept apart on the amounts they disclose. Amounts shown are the disclosed figures only — a round announced without a number is listed and excluded from the total rather than estimated.

Employee counts are reported bands, not exact headcounts. Founder and executive names carry the job title on record. Anything we do not hold for Naagin is left off this page rather than filled in.

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