Home Venture Capital SHICKEN fuels US expansion with $5.3m investment from Veg Capital

SHICKEN fuels US expansion with $5.3m investment from Veg Capital

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Launched in 2020 by wife-and-husband team Parm and Satvinder Bains, UK-based SHICKEN offers a range of Asian curries and kebabs​, featuring the brand’s plant-based chicken made from a blend of textured soy protein and wheat protein. Last month, SHICKEN took its first step into the US market, launching its products in 410 Sprouts Farmers Markets.

‘We are in control of our own destiny’

Shortly after the launch, SHICKEN revealed that Veg Capital made a $5.3m investment in the brand, bringing its total investment to $7.9m. With the capital, SHICKEN plans to expand its retail footprint globally — with the goal of 70% of its business coming from outside the UK — and further build out the company’s manufacturing capabilities, Bains explained.

“We built and fabricated a state-of-the-art manufacturing facility here in the UK. That facility has now been running for over 12 months. And the additional funding that we have received from our initial funder, Veg Capital, was actually to reinvest into new CapEx to continue the growth that we’ve seen organic growth we have seen over the last two to three years. And obviously, our export market, which includes North America … is a very high focus for the business.”

SHICKEN explored various options to manufacture its product and initially considered working with a co-manufacturer, Parm Bains said. However, after failing to find a co-manufacturer that could deliver the quality they were looking for, the company took matters into its own hands and built a factory in 2023, where its products are created today, he added. 

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