About 48East
48East is a company based in Bengaluru (India) founded in 2016 was acquired by Swiggy in December 2017.. 48East has raised $716.02 thousand across 1 funding round from investors including Swiggy, Agra Chains and Al Dhaheri Capital Investment Group. The company has 129 employees as of April 08, 2024. 48East operates in a competitive market with competitors including Curefoods, Rebel Foods, Biryani By Kilo, Potful and FreshMenu, among others.
- Headquarter Bengaluru, India
- Employees 129 08 Apr 2024
- Growth stage Minicorn
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Sectors
Consumer
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Email
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Phone
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Website
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Social
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- Legal Name Love Food Ventures Private Limited
- Date of Incorporation 11 Apr 2016
- Jurisdiction Bangalore, Karnataka, India
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Funding Insights of 48East
48East has successfully raised a total of $716.02K through 1 strategic funding round. The most recent funding activity was a Seed round of $716.02 thousand completed in July 2016. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Seed — $716,021
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First Round
First Round
(16 Jul 2016)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2016 | Amount | Seed - 48East | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in 48East
48East has secured backing from 3 investors, including institutional and venture fund investors. Prominent investors backing the company include Swiggy, Agra Chains and Al Dhaheri Capital Investment Group. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Capital investments are managed by Al Dhaheri family office.
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Founded Year | Domain | Location | |
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Supplier of silver jewelry, findings and chains
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Founded Year | Domain | Location | |
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Food and grocery items are ordered via an online network.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by 48East
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - 48East
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
48East Comparisons
Competitors of 48East
48East operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Curefoods, Rebel Foods, Biryani By Kilo, Potful and FreshMenu, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Cloud kitchens are operated and food brands are incubated technologically.
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| domain | founded_year | HQ Location |
Multi-category food products are offered via an internet restaurant platform.
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| domain | founded_year | HQ Location |
Internet first restaurant offering on demand food delivery for consumers
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| domain | founded_year | HQ Location |
On-demand food products are provided by an internet-first restaurant.
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| domain | founded_year | HQ Location |
On-demand meals are delivered via an online platform.
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| domain | founded_year | HQ Location |
Cloud-based restaurant services are operated via mobile app in Mumbai.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about 48East
When was 48East founded?
48East was founded in 2016.
Where is 48East located?
48East is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Is 48East a funded company?
48East is a funded company, having raised a total of $716.02K across 1 funding round to date. The company's 1st funding round was a Seed of $716.02K, raised on Jul 16, 2016.
How many employees does 48East have?
As of Apr 08, 2024, the latest employee count at 48East is 129.
What does 48East do?
48East is an Internet-first restaurant offering fine Asian gourmet food. It has a weekly changing menu and has a range of dish in mains, sides, and desserts. As of Feb 2017, it operates 2 kitchens in Bangalore and processes 100 orders in a day. It has raised a total of 750k of funding in two rounds which it plans to use for unit expansion, enhancing logistics, technology, and marketing.Plans to expand its operations by increasing its kitchen count by the end of 2017.
Who are the top competitors of 48East?
48East's top competitors include Curefoods, Rebel Foods and Biryani By Kilo.
Who are 48East's investors?
48East has 3 investors. Key investors include Swiggy, Agra Chains, and Al Dhaheri Capital Investment Group.
What is 48East's valuation?
The valuation of 48East is $2.13M as of Jul 2016.
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