Snackible has sold healthy snacks in India for more than a decade, yet the brand that Indians now drop into their Blinkit carts began life as a weekly subscription box its founder had to abandon to stay alive. In the year to March 2025, its parent company, Lightsaber Food Ventures, reported operating revenue of about ₹18.7 crore ($1.9 million at $1 ≈ ₹96.0) — a modest figure for an eleven-year-old packaged-foods brand, and the reason this story is worth telling.
The number matters less than the shape of the journey behind it. Snackible is a study in survival at small scale: an early direct-to-consumer idea that arrived before the infrastructure to support it, a founder who kept re-cutting the business model until one channel finally fit, and a snacking category so crowded that the interesting question is not how fast Snackible grew, but how it stayed standing at all. This deep dive works from company filings, aggregator databases and founder interviews, and flags every figure that different sources dispute.
Quick facts
| Company | Snackible (brand of Lightsaber Food Ventures Private Limited) |
| Founded | Incorporated 22 June 2015, Mumbai; brand launched 2015 (RoC Mumbai; CIN U74120MH2015PTC265863) |
| Founder(s) | Aditya Akshay Sanghavi (founder & CEO); Anandbir Singh listed as co-director |
| Businesses | Healthy packaged snacks — baked, roasted and popped products, including flavoured makhana, cookies and chips |
| Latest FY revenue | ₹18.7 crore (FY25, year to 31 March 2025), reported by Tracxn and The Company Check |
| Latest FY profit / loss | Contested; an earlier year showed a net loss of about ₹5.9 crore (Planify), while Tofler indicates a positive net margin in a more recent year — see The numbers |
| Listed | Private (unlisted) |
| Last valuation | Reported at about $9.99 million (Tracxn); Planify pegs an indicative market value near ₹73 crore as of September 2026 |
| Key people / backers | Aditya Sanghavi (CEO); backers include Mumbai Angels, 1Crowd, Pitaara and 150-plus angels |
What Snackible does
Snackible makes and sells “better-for-you” packaged snacks aimed at urban Indians who want an alternative to fried namkeen and mass-market chips. The company positions its range as low on the usual guilt triggers — baked or roasted rather than deep-fried, with cleaner labels — sold across its own website and, increasingly, the shelves of quick-commerce apps.
- Product range: “over 80 healthy snacking options” as described by the founder to Entrepreneur India (2025), up from a roughly 30-item menu in the early years.
- Core formats: flavoured makhana (fox nuts), baked chips and crackers, ragi and wholewheat cookies, roasted and popped snacks, and trail-style mixes.
- Customers: individual D2C buyers, quick-commerce shoppers, retail-store walk-ins, and B2B/HoReCa clients such as hotels, airlines and vending operators.
- Positioning: a mid-premium “new-age” snack brand rather than a mass namkeen player — competing on ingredients and format, not price.
The origin
The idea came from a desk, not a kitchen. Aditya Sanghavi studied business management and finance at Cardiff University, then worked in finance roles associated with investment banking and securities before joining Themis, a Mumbai consulting firm focused on startups. It was there, by his own account, that he noticed how reliably his colleagues reached for something to eat in the late-afternoon slump between lunch and dinner — and how reliably that something was unhealthy.
That observation became the founding insight: the mid-afternoon snacking gap was universal, but the supply was either junk food or premium health products that were expensive and hard to find. Sanghavi’s answer, launched in 2015, was Snackible — an online service that would deliver a rotating selection of healthy snacks to your door on a subscription. The legal vehicle, Lightsaber Food Ventures Private Limited, was incorporated in Mumbai on 22 June 2015. The first outside cheque, tellingly, came partly from that same startup world: Nibhrant Shah, associated with Themis and Isprava, was among the early angel backers.
The struggle years
Snackible’s first model looked clever on a slide and punishing in practice. A subscription box of curated healthy snacks promised recurring revenue and a captive relationship with the customer, but it collided with the hard economics of physical goods in mid-2010s India: shipping small food parcels was costly, subscriber churn was high once the novelty faded, and taste preferences varied far more than a fixed box could satisfy. The company was effectively paying to acquire customers who then cancelled.
- Setback one — the subscription trap: by 2017, Snackible publicly acknowledged that the subscription-only model was not working and began pivoting toward selling individual products through multiple channels (as reported by YourStory in July 2017).
- Setback two — ambition ahead of cash: the company signalled plans to raise $2–5 million in a Series A as early as FY17–18 (Restaurant India / Indian Retailer), but the large institutional round did not land on that timeline; Snackible instead survived on a small angel base and slow reinvention.
- Constant product churn: shifting from a subscription box to a multi-channel FMCG brand meant repeated reformulation and repackaging — a slow, capital-hungry process for a company without deep funding.
The through-line of these years is under-capitalisation. Unlike the venture-flush D2C wave that followed, Snackible had to fix its model on a shoestring, which stretched the timeline from “promising 2015 startup” to a business that only found its groove years later.
The turning point
The turn was not a single funding round or a viral moment; it was the arrival of quick commerce, and Snackible’s decision to lean into it. As Blinkit, Zepto and Swiggy Instamart built dark-store networks across metros, a small snack brand suddenly had a way to reach impulse buyers without owning shipping or shelf space. Snackible re-pointed the business at that channel.
- Before: an online-first brand dependent on its own website and marketplaces, with the founder describing the direct site as roughly a quarter to 40% of sales at various points.
- After: quick commerce became, in the founder’s words to investors (via Invstt), “our fastest growing channel with contribution of over 60% to overall brand revenue,” alongside “50% QoQ growth in GMV.”
- The growth signal: the company cited roughly 700% growth on quick-commerce platforms over a trailing 12-month period (Entrepreneur India, 2025).
- The financial payoff: operating revenue climbed to about ₹18.7 crore in FY25, up roughly 32.6% year on year (Tracxn; The Company Check; Inc42).
In other words, the same distribution problem that nearly killed the subscription box — getting healthy snacks affordably into people’s hands — was solved a decade later by someone else’s infrastructure.
The money behind it
Snackible is a lightly funded company by startup standards, and even the total is disputed across databases — a reminder to attribute rather than assert.
- Total raised: reported at about $4.93 million across many small rounds by Tracxn; the founder cited external funding of roughly $3 million to Entrepreneur India (2025); Inc42 tracks only about $225,600 in disclosed rounds. The true figure likely sits between the company-stated $3 million and Tracxn’s $4.93 million.
- Angel round (2016): about ₹1.12 crore (roughly $175,000), from a group of individual investors and HNIs (Inshorts; HungryForever; BW Disrupt).
- Named early backers: Nibhrant Shah (Isprava/Themis), Anandbir Singh (Anandini Financial Services and a Snackible director), plus executives and founders from consulting and payments backgrounds.
- Series A (December 2021): the largest round to date, with institutional participation from Mumbai Angels, 1Crowd and Pitaara among others (Tracxn).
- Investor base: Tracxn lists 150-plus investors in total, the bulk of them angels rather than large funds — a cap table built from many small cheques.
- Valuation: Tracxn reports a valuation of about $9.99 million; Planify carries an indicative unlisted market value near ₹73 crore as of September 2026. Both are estimates, not audited marks.
What each backer changed is less about capital than credibility: the 2016 angel group gave the brand its first runway and startup-world validation, while the 2021 Series A group signalled that a specialist snack brand could attract institutional money even in a crowded category.
How it makes money
Snackible earns the way most packaged-food brands do — it manufactures (largely through partners), sells at a mark-up over cost, and lives or dies on the gap between that mark-up and the cost of getting each pack in front of a buyer. The nuance is in the channel mix, because each channel takes a very different cut.
- Own D2C website: the highest-margin channel, because Snackible keeps the full retail price minus fulfilment; the founder has put the site at roughly 25–40% of sales depending on the period.
- Quick commerce (Blinkit, Zepto, Swiggy Instamart, Amazon): now the largest revenue channel at 60%-plus, but the most margin-hungry — platform commissions, listing and visibility fees and promotions typically run 15–25% of value for D2C brands (industry estimates).
- General trade and modern retail: distribution to physical stores (the founder cited 5,000-plus stores), which adds reach but layers in distributor and retailer margins.
- B2B / HoReCa: bulk supply to hotels, airlines, cafes and vending operators — steadier volumes, thinner branding value.
The part people get wrong: it is easy to read “60% of revenue from quick commerce” as a triumph. It is also a margin risk. The channel that scaled Snackible is the one where a snack brand keeps the least per pack, which is why the founder has talked about pushing the own-website share and testing a ₹10 entry price point to widen the funnel.
The numbers
Snackible’s revenue trajectory is reasonably clear from aggregator data; its profitability is genuinely contested, and this piece will not paper over that. Figures below are in ₹ crore. Profit/loss is shown only where a source states it, with the source named.
| Financial year | Operating revenue (₹ cr) | Net profit / (loss) (₹ cr) | Source |
| Earlier year (revenue ~₹11 cr, year not explicitly dated) | 11.0 | (5.9) | Planify |
| FY24 (to 31 Mar 2024) | ~14–15 | Not consistently disclosed (Tofler indicates positive margin; other trackers imply losses) | Entrepreneur India / Inc42 / Tofler |
| FY25 (to 31 Mar 2025) | 18.7 | Not publicly confirmed | Tracxn / The Company Check / Inc42 |
- FY25 operating revenue: ₹18.7 crore, up about 32.6% year on year (Tracxn; The Company Check).
- FY24 net revenue: about ₹15 crore (company-stated to Entrepreneur India), consistent with an implied ~₹14.1 crore from Inc42’s growth math.
- Profitability, contested: Planify data (a negative trailing price-to-earnings figure) implies the company was loss-making, and reports a net loss of about ₹5.9 crore in an earlier year; Tofler, by contrast, shows a positive net margin (around 22%) for FY24. Because these conflict and the underlying filings sit behind paywalls, this piece treats Snackible’s current bottom line as unconfirmed rather than choosing one number.
- Scale check: even at ₹18.7 crore, Snackible remains a small-cap FMCG brand — roughly $1.9 million in annual revenue at $1 ≈ ₹96.0.
Where the money comes from
The revenue split is the most interesting part of Snackible today, because it has inverted since the founding.
- Quick commerce: 60%-plus of brand revenue and the fastest-growing channel (founder, via Invstt) — the opposite of the 2015 subscription model, where the company owned the whole customer relationship.
- Own D2C website: roughly a quarter to 40% of sales across periods — smaller in share than quick commerce, but the profit engine.
- Offline retail: distribution into 5,000-plus stores (founder, Entrepreneur India) provides reach beyond metros.
- B2B / institutional: hotels, airlines, cafes and vending — a volume channel that smooths demand.
The surprise: a brand born as a subscription service, built to maximise direct customer ownership, now depends most on third-party apps where it owns neither the customer data nor the last mile. Snackible’s growth and its strategic vulnerability come from the same place.
The risks
- Channel dependence and margin compression: with 60%-plus of revenue on quick-commerce apps, Snackible is exposed to rising platform commissions, ad spend and promotional demands. If the platforms raise their take or deprioritise its listings, both revenue and the already-thin margin are hit at once.
- Sub-scale in a giant category: at ₹18.7 crore in FY25, Snackible is tiny next to listed and well-funded snack players. Larger rivals can out-spend it on quick-commerce visibility and out-negotiate it on shelf placement, squeezing a small brand’s economics.
- Profitability and funding overhang: with the bottom line contested and total external funding modest (roughly $3–5 million), Snackible has limited buffer. A prolonged loss-making phase, or a working-capital crunch from stocking dozens of SKUs across channels, would be hard to absorb without a fresh raise on terms a small brand may not command.
The takeaway
Snackible’s real lesson is about timing and infrastructure, not snacks. In 2015 the company tried to solve distribution itself, through a subscription box, and the economics broke it for years. A decade later the identical customer problem — getting affordable healthy snacks into people’s hands on impulse — was solved by quick commerce, infrastructure Snackible neither built nor paid to build. The transferable point is uncomfortable: a good idea that is early is often indistinguishable from a bad idea, and survival can matter more than being right first. The founders who last long enough to catch the next wave of infrastructure sometimes win the market they were too early to serve.
Frequently asked questions
Who founded Snackible and when?
Snackible was founded by Aditya Akshay Sanghavi in 2015. Its parent company, Lightsaber Food Ventures Private Limited, was incorporated in Mumbai on 22 June 2015. Sanghavi conceived the idea while working at a Mumbai consulting firm, after noticing colleagues reaching for unhealthy snacks in the late afternoon.
What does Snackible sell?
Snackible sells healthy packaged snacks — baked, roasted and popped products such as flavoured makhana, ragi and wholewheat cookies, baked chips and trail mixes. The founder has described a range of “over 80 healthy snacking options” sold through its website, quick-commerce apps, retail stores and B2B clients.
How much revenue does Snackible make?
Snackible’s parent, Lightsaber Food Ventures, reported operating revenue of about ₹18.7 crore for FY25 (year to 31 March 2025), up roughly 32.6% year on year, according to Tracxn and The Company Check. FY24 net revenue was around ₹15 crore.
Is Snackible profitable?
This is unconfirmed. Data sources conflict: Planify’s figures imply the company has been loss-making, citing a net loss of about ₹5.9 crore in an earlier year, while Tofler shows a positive net margin for FY24. Because the underlying filings are not publicly open, Snackible’s current profitability should be treated as contested.
How much funding has Snackible raised?
Estimates differ. Tracxn reports total funding of about $4.93 million across many small rounds; the founder cited roughly $3 million in external funding; Inc42 tracks only about $225,600 in disclosed rounds. Notable rounds include a ₹1.12 crore angel round in 2016 and a Series A in December 2021 backed by Mumbai Angels, 1Crowd and Pitaara.
Sources
Figures are as of September 2026. Currency converted at $1 ≈ ₹96.0 as of 18 September 2026 (Trading Economics).
- The Company Check — Lightsaber Food Ventures Private Limited profile and financials (accessed September 2026)
- Tofler — Lightsaber Food Ventures Private Limited, directors and financial summary (accessed September 2026)
- Tracxn — Snackible and Lightsaber Food Ventures company profiles, funding and shareholding (accessed September 2026)
- Inc42 — Snackible funding, revenue and investors profile (accessed September 2026)
- Planify — Snackible / Lightsaber Food Ventures research report and indicative valuation (September 2026)
- Entrepreneur India — “Curiosity into Creativity Translator: Aditya Sanghavi” (2025)
- YourStory — “Why subscription-based Snackible decided to pivot” (July 2017) and Snackible company profile
- Restaurant India / Indian Retailer — “Snackible eyes to raise $2-5 million in Series-A funding” (2017)
- BW Disrupt — “LightSaber Food Ventures Raises $175K in Angel Round” (2016)
- Inshorts and HungryForever — Snackible ₹1.12 crore angel funding (2016)
- Invstt — Snackible company page, channel-mix commentary (accessed September 2026)
- Ministry of Corporate Affairs / Zauba Corp — CIN U74120MH2015PTC265863, incorporation details
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