Gana: Before I answer your question, please tell
me, what did you have for breakfast?
Winnowed:
Me? Today I had a couple of slices of bread and …
Gana:
Stop! Bread? The stuff that comes in a polythene bag, which you buy from a
shop?
Winnowed:
Yes.
Gana:
That makes it easy for me to answer your question. I am trying to help folks
like you.
Winnowed:
Help people like me? How?
Gana:
Have you heard of millets? Much healthier than wheat or maida, which is
probably what the bread you ate today was made of. In a nutshell, I’m steering
and guiding Vinessence, a start-up food-tech venture built around a simple but an
increasingly urgent idea: That India needs to shift back toward millets and
natural, preservative-free food which shouldn't have to come at the cost of
convenience or taste.
Winnowed:
Interesting. Please tell me more. What are you at Vinessence?
Gana:
I am the CEO.
Winnowed:
Wow! I’m impressed. Now please tell me, why did you give up your legal career?
How long were you a lawyer?
Gana:
26 years as a lawyer and one fine day, I decided to do something different. You
know, there is a particular kind of clarity that comes to people who have spent
decades solving other people's problems — the kind that only arrives once
you've seen enough boardrooms, enough deal tables, and enough disputes to know
exactly where things tend to go wrong. One day, I came across Vinessence. It
had been up and running for about a year or so and I liked the idea, as an
investor, I mean, the way many seasoned professionals do when they encounter a
business idea with genuine promise: I wrote a cheque, watched from a distance,
offered counsel when asked. But something about Vinessence didn't let me stay
at that distance.
Winnowed:
Please go on. Please tell me more.
Gana:
What I found, once I looked closely, was a founding team with real scientific
depth. There was Dr. Archana Muthanna, a food technologist, together with her
husband, Muthanna K. M, an HR professional, who had built the company's early
product formulations out of a very personal mission: finding healthier food for
their own child, and then realising that mission was one shared by households
across India. What the venture didn't yet have, in full measure, was someone
who had spent a career resolving the unglamorous but decisive questions that
determine whether a promising product becomes a real company: governance
structures, promoter alignment, regulatory strategy, networking capabilities, the
discipline of running toward growth without running into the walls that undo so
many food start-ups.
I
recognised that decades of untangling problems for different corporates had,
without me actually planning it, prepared me precisely for this.
Problem-solving had always come naturally to me; what changed was the
realisation that it could be turned toward building something of my own, rather
than protecting someone else's enterprise. I stepped in as CEO, and Vinessence
stopped being simply an investment and became my second, deliberate career.
Winnowed:
Fantastic. This is amazing. Please tell me more about Vinessence.
Gana:
You should take a look at our website. Why don’t you do that even as we speak.
It will make my task a bit easier.
Winnowed:
Good idea. (goes to https://www.vinessence.in/) You guys have a wide range of
products! From what you mentioned, I was expecting a few varieties of millets
and nothing more.
Gana:
Let me repeat what I said at first. Eating millets does not mean you compromise
on convenience and taste. I really mean it.
Gana:
Yes, millets and other natural ingredients: we have sprouted millet pastas and
noodles (foxtail, pearl millet, barnyard millet, and gluten-free variants),
millet vermicelli, sprouted millet pancake mixes (banana, beetroot, carrot,
chocolate) and spinach dosa mixes, millet-based spreads, fruit spreads, and
natural concentrates like Garcinia Gummi-Gutta.
Winnowed:
What’s Garcinia Gummi-Gutta?
Gana: That’s a nod to Kodagu's
own culinary traditions. We make a vinegar known as “kachampuli” from this fruit
species which is used as a souring agent in most of our cooking. It is a very
good and healthy alternative to tamarind. Did I say that Vinessence is based in
Kodagu? Coorg for those who may or may not have visited our part of the world.
Winnowed:
Where do you source your raw materials from?
Winnowed: From Kodagu?
Winnowed:
That’s great! Ok. You are the dadas of millets. But how do you sell your
products? That’s a different ball game altogether, isn’t it?
Gana:
We sell directly through our own website. We also sell via major marketplaces
including Amazon. WhatsApp-based direct ordering is another route.
Winnowed:
I can see that your distribution approach is well suited to a young brand still
building its retail footprint. What about certifications and recognitions?
Gana:
Vinessence has been recognised as a food start-up by the Department for
Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce &
Industry, and was an incubatee at Nutrihub — the Technology Business Incubator
set up by the Indian Institute of Millet Research, Hyderabad. We have also tied
up with the Central Food Technological Research Institute (CFTRI). That
pedigree matters in a category where scientific credibility is often the
difference between a fad product and a lasting one.
Winnowed: An all-women workforce in an agri and manufacturing start-up?
Gana: That’s right. We're
an eight woman powerhouse. We have six on the factory floor and 2 running the
show in our corporate office, managing accounts and sales. And if you're
wondering about the top of the pyramid, our senior sales and marketing team is
also entirely women-led. So yes, from the shop floor to strategy, Vinessence
runs on woman-power.
This wasn't a box-ticking diversity exercise, or a CSR slide we wanted
to look good on. It was a deliberate bet. Manufacturing has long been coded as
"a man's world" - heavy machinery, long shifts, physically demanding
work, the whole macho mythology around it. We wanted to challenge that quietly,
without making a big song and dance about it. Three years in, the results speak
for themselves - our women haven't just matched what a male workforce might
have delivered, they've outpaced it on consistency, attention to detail, and
frankly almost every other aspect. Turns out the "manufacturing needs
muscle" myth was mostly just habit dressed up as logic.
Gana: In five years, I want
Vinessence to become a genuine national level FMCG player. I have a five-year
road map for getting there.
Winnowed: Amazing. Please break that up for me.
Gana:
• Year
1: Establish Vinessence as India's most trusted
millet brand for kids — targeting ₹5 crore in revenue, 5,000 D2C subscribers,
concentrated in Bengaluru, Hyderabad, and Mumbai. We are preparing to
kick-start this process in the next quarter.
• Year
2: Build national presence across 10-plus cities
through quick commerce, specialty retail and cafes alongside a dedicated
packaging launch. We will target ₹10 crore in revenue and 18,000 subscribers.
• Year
3: Open export markets in the UAE, Singapore,
and the UK's Indian diaspora communities — targeting ₹20 crore in revenue,
45,000 subscribers, and Series A readiness.
• Year
5: Reach a ₹75-100 crore brand with pan-India
modern trade presence and genuine international reach — a scale at which the
company would expect to draw acquisition interest from major FMCG players, or
alternatively raise a Series B to compete with them directly.
Winnowed: You guys are really
focussed!
Gana:
My ambition for Vinessence goes well beyond running a healthy-snacks label. This
ambition now has real infrastructure behind it. Vinessence has established its
own manufacturing unit, currently operating at a production capacity of 4 to 5
tonnes per month — a meaningful step up from outsourced or contract
manufacturing, giving the company direct control over quality, formulation, and
cost as it scales.
Winnowed:
How is Vinessence funded?
Gana:
To fund the current phase, Vinessence has closed its first round of funding
from friends and family, at a valuation of ₹15 crore. It's a deliberately
structured first step: rather than chasing headline growth before the
fundamentals are proven, the company is using this capital specifically to
sharpen its go-to-market execution, building out marketing and sales
capability, strengthening distribution, and pursuing an ambitious revenue
target over the coming year.
The
logic of the roadmap is straightforward and disciplined, very much in keeping
with the careful, risk-aware thinking that I bring from my legal and corporate
background: prove the commercial model first. Once the upcoming year's revenue
targets are met, Vinessence will expand its manufacturing capability to roughly
triple its current scale, moving from 4-5 tonnes a month toward a production
base capable of serving national retail and modern trade in a much bigger way.
It's a sequencing that reflects my instinct, honed over decades of watching
companies succeed and fail: growth capital deployed after commercial proof, not
before it and also selecting the right people for specific roles in the company
– “horses for courses” as the saying goes!
Winnowed:
Tell me Gana, do you think you are getting your timing right?
Gana:
I absolutely am! India's D2C market is projected to reach roughly ₹8.5 trillion
by 2025, supporting 800-plus active brands, while the country's health and
wellness food market — valued at $14.25 billion in 2025 — is projected to more
than double to $30.62 billion by 2033. Health-oriented food orders grew 2.3
times faster than the overall food category in 2025 alone, and India's shift
toward preventive nutrition has moved firmly into the mainstream since the
pandemic.
Several
structural tailwinds sit behind this shift: India is on track to become the
world's third-largest consumer market by 2026, with its affluent population
(earning above $10,000 a year) expected to more than double from 40 million in
2023 to 88 million by 2028; smartphone and quick-commerce penetration now put
clean-label, health-first D2C brands within reach of Tier-2 cities without a
single physical store; and India's own millet production grew 12% year-on-year
in 2025, with government policy (the “Shree Anna” push) and moves by major players
creating category awareness that lifts every millet brand riding the wave.
Against a backdrop of 101 million diabetics — the largest such population in
the world — and India's 8.2% GDP growth in FY25, the fastest among major
economies, the case for a credible, well-manufactured millet-and-natural-foods
brand has rarely been stronger.
Winnowed:
Do you guys have a punchy tag-line?
Gana:
You bet, we do. “Deliciously Better for You”. How does it sound?
Winnowed:
It’s absolutely “millet-ant” for your course!
Let me ask you something personal? What’s your typical day like?
Winnowed:
When you were a lawyer, what was your typical day like?
Gana:
I would suggest you don’t even go
there…”corporate slavery” is the affectionate term I use, and I don’t say it
lightly. If you had to be a successful General Counsel in an MNC, you don’t
recognise clocks, time zones or the concept of after hours. You slog it through,
regardless of whether the sun is up or everyone else has gone to sleep.
Twenty-six years of that will either break you or teach you resilience – I
would like to think I came out the other side with the latter.




No comments:
Post a Comment