Bigspoon Foods

Bigspoon Foods

Multi-brand Cloud kitchen start-up that minimizes the delta between fine-dine and home-delivery experience for the customer and makes great food accessible to all.

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DateInvestorsAmountRound
investor

€0.0

round
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€0.0

round
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€0.0

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$12.6m

Series A
Total Funding000k

Financials

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Revenues, earnings & profits over time
USD202120222023
Revenues000000000000
% growth-117 %11 %
EBITDA000000000000
Profit000000000000
EV000000000000
EV / revenue00.0x00.0x00.0x
EV / EBITDA00.0x00.0x00.0x
R&D budget000000000000

Source: Dealroom estimates

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More about Bigspoon Foods
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Bigspoon Foods Private Limited is an omni-channel, multi-brand cloud kitchen operator founded in June 2019 by Kapil Mathrani, Poojan Thakkar, and Rohan Bhatt. Headquartered in Ahmedabad, India, the company strategically focuses on Tier-2 and Tier-3 cities, aiming to bridge the gap between a fine-dining experience and at-home food delivery. The business model is centered on a network of delivery-only kitchens, which allows for asset-light expansion and operational efficiency.

The company's revenue is generated through the sale of meals from its diverse portfolio of in-house brands. These brands cover various cuisines, including Mehfil Biryani by Zakir Khan, Makhni Brothers (North Indian), Thali Central (Thali meals), East Pizza Co., Meals101, and Oven & Grill. Bigspoon operates on an omnichannel basis, taking orders via its own mobile applications for Android and iOS as well as through major food delivery platforms like Swiggy and UberEats. A key aspect of its strategy involves using fresh ingredients and a hybrid of centralized and decentralized food preparation to maintain quality. Additionally, the company offers a 'Kitchen-as-a-Service' (KaaS) model, enabling other food brands to utilize its kitchen infrastructure.

Since its inception, Bigspoon has demonstrated rapid growth, expanding its presence to over 80 kitchens across 35 cities by August 2022. The company has successfully raised significant capital to fuel its expansion, including a Series A round of ₹100 crore (approximately $12.9 million) in August 2022. This funding round was led by the Indian Angel Network and included participation from various venture capital firms and celebrity investor Mouni Roy, who is also involved in brand incubation. For the fiscal year ending March 31, 2022, Bigspoon reported revenues of ₹17.5 crore. The company's stated goals for the capital infusion include expanding to over 250 kitchens, enhancing its supply chain through backward integration, and investing in technology. Keywords: Bigspoon Foods, cloud kitchen, multi-brand kitchen, food delivery, Indian food startup, Kitchen-as-a-Service, KaaS, virtual kitchen, online food ordering, food technology, Ahmedabad startup, Kapil Mathrani, Poojan Thakkar, Mehfil Biryani, Makhni Brothers, Tier-2 cities food delivery, food franchising, ghost kitchen, delivery-only restaurant, Indian Angel Network, Anicut Capital, NB Ventures, food service, restaurant chain, digital restaurant

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