Vegan Indian restaurant chain SpiceBox has secured investment for its retail division from Veg Capital to ramp up its presence in supermarkets.
The business started life as a street food stall in 2016 before opening two curry houses in north London and expanding into retail products during the pandemic in 2020.
Its range of handmade, heat-at-home dhals launched in Planet Organic in January and are also available with wholesalers CLF, Cotswold Fayre and Wholegood, with a further listing with Ocado Zoom set agreed.
SpiceBox also makes a three-strong range of condiments, including a chip shop curry sauce and a spicy tomato ketchup.
The six-figure sum from Veg Capital in SpiceBox’s retail subsidiary will support the development of a new ready-to-eat curry range, set to launch later this year, and help further grow its presence in retailers nationwide.
Founder Grace Regan, whose has ambitions to take the restaurants nationwide, also released a SpiceBox recipe book last year with Penguin Random House.
Veg Capital managing director Matthew Glover said: “I met Grace at an event a couple of years ago and was struck by her business savvy and our shared love of a good curry.
“We are excited to support SpiceBox grow its range of vegan curries to give British consumers access to delicious, healthy versions of our well-loved adopted national dishes.”
SpiceBox previously raised £360k in January on crowdfunding platform Seedrs to open a third curry house in south London.
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