About 99 Pancakes
99 Pancakes is a Consumer company based in Mumbai (India) founded in 2017 by Vikesh Shah. Limited service food chain serving pancakes. 99 Pancakes has raised $4.6 million across 4 funding rounds from investors including Uptrend PG, Universalcinetrades and Anil Mohanlal Parmar. The company has 79 employees. 99 Pancakes was last valued at $7.66 million in July 2024. Its chief executive, as recorded, is Vikesh Shah. Its website 99pancakes.in draws about 12 thousand monthly visits. Its Indian entity Euphoriya Hospitality Private Limited reported revenue of ₹24.07 Cr. 99 Pancakes offers products and services including Pancakes, Waffles, Crepes, Shakes, and Macarons. Its focus areas include Food and Agriculture, Food Service Chains, Restaurants and Limited Service. Its competitors include Bakingo, Creme Castle and Mimansa Industries; 3 of its 3 listed competitors have raised funding.
Company details
99 Pancakes was established in 2017 in Mumbai, India, as a limited-service food chain focused on breakfast items. Various types of pancakes, along with milkshakes, desserts, and chocolates, are offered on the menu. Products are prepared using organic ingredients sourced from local suppliers. Operations center on quick-service dining in the Indian market.
- Headquarters Mumbai, India
- Employees 79
- Founders Vikesh Shah
- Stage Minicorn
- SectorsConsumer
- Website category Food and Drink · Restaurants and Delivery
- Email••••••••
- Website 99pancakes.in
- Social LinkedIn X Facebook Instagram YouTube
- Legal Name Euphoriya Hospitality Private Limited
- Date of Incorporation 11 Jan, 2018
- Jurisdiction Mumbai, Maharashtra, India
- Annual Revenue₹24.07 Cr
FY 2024 · +71% YoY
- Net Loss-₹4.46 Cr
FY 2024 · -19% margin
- EBITDA-₹3.52 Cr
FY 2024 · -15% margin
- Total Equity Funding$4.6M (USD)
in 4 rounds
- Latest Funding Round$2.38M (USD), Series A
Aug 2024
- Employee Count79
Associated legal entities of 99 Pancakes
99 Pancakes operates through Euphoriya Hospitality Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Euphoriya Hospitality Private Limited CIN U15495MH2018PTC304038 | Active | 11 Jan 2018 | Mumbai, Maharashtra | ₹24.1 Cr | 79 | 2 | View details |
Products & Services of 99 Pancakes
99 Pancakes offers a comprehensive portfolio of products and services, including Pancakes, Waffles, Crepes, Shakes, and Macarons.
Fresh mini pancakes with various flavors for quick treats
Fluffy waffles topped with options like Nutella or fruits
Thin crepes filled with chocolate or berries for light meals
Blended shakes made with fresh ingredients for refreshment
Colorful macarons in flavors like chocolate and strawberry
Apps and channels of 99 Pancakes
its YouTube channel 99 Pancakes has 174 subscribers and 11 videos.
Videos from 99 Pancakes
The most watched videos on 99 Pancakes's YouTube channel, 99 Pancakes (174 subscribers). Click a video to play it here.
More on 99 Pancakes.
Funding Insights of 99 Pancakes
99 Pancakes has successfully raised a total of $4.6M across 4 strategic funding rounds. The most recent funding activity was a Series A round of $2.38 million completed in August 2024. 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 $4.6M
- Total Rounds 4
- Last Round Series A — $2.38M
- First Round $1.62M
(Mar 2022)
- Investors Count 13
All 4 funding rounds of 99 Pancakes with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug 2024 | $2.38M | Series A | – | – | – |
| Jul 2024 | $479,412 | Seed | $7.66M | Uptrend PG | – |
| Oct 2023 | $120,190 | Seed | $9.62M | – | |
| Mar 2022 | $1.62M | Seed | $••••• | Anil Mohanlal Parmar |
| Date | Valuation | Stage |
|---|---|---|
| Jul 2024 | $7.66M | •••••••• |
| Oct 2023 | $9.62M | •••••••• |
| Mar 2022 | $••••• | •••••••• |
Full valuation and stage history of 99 Pancakes
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
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Verified entity values are shown only after access is granted.
Last known valuation $7.66M (Jul 2024). 13 investors in total: 2 institutional and 11 angel.
Investors in 99 Pancakes
99 Pancakes has secured backing from 13 investors, including institutional and angel investors. Prominent investors backing the company include Uptrend PG, Universalcinetrades and Anil Mohanlal Parmar.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
AM Anil Mohanlal Parmar | unknown_e5312a9f65b6450f9 | |||
MA Manisha Anil Parmar | unknown_af7f4bb4697b42839 | |||
BJ Bhavna Jaisukh Mehta | unknown_2f50eb3a12fa4e2ca | |||
MA Minal Amit Gala | unknown_d58badce78bb40708 | |||
AN Anand Nimesh Shah | unknown_d627e358d78f41388 | |||
NR Naresh Ramkrishna Kamath | unknown_06e330a30ce0466ca | |||
RC Romin Chandrakant Chedda | unknown_fceb30b436fe4b62a | |||
NC Nirmala Chandrakant | unknown_e81ab04ea6e84b648 |
Investor details for 99 Pancakes
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Board of directors of Euphoriya Hospitality Private Limited (99 Pancakes)
Euphoriya Hospitality Private Limited is the primary company behind 99 Pancakes. The board of Euphoriya Hospitality Private Limited currently have 2 directors; the longest-serving is Vikesh Nitin Shah, appointed in 2018. 1 earlier director has ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Vikesh Nitin Shah DIN 01427465 | Director | 11 Jan 2018 | 8 yrs 10 mo | Euphoriya Hospitality Private Limited |
| Binita Vikesh Shah DIN 01427395 | Director | 11 Jan 2018 | 8 yrs 10 mo | Euphoriya Hospitality Private Limited |
People of 99 Pancakes
1 people are tracked at 99 Pancakes (1 in leadership); the tracked headcount is 79.
| Name | Role | Group |
|---|---|---|
| Founder & CEO | Leadership |
Complete people profiles for 99 Pancakes
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Financials of 99 Pancakes
Figures of Euphoriya Hospitality Private Limited, the primary company behind 99 Pancakes, for FY 2024. Revenue was ₹24.07 Cr (+71% year on year). Net loss was -₹4.46 Cr (-19% margin). EBITDA was -₹3.52 Cr (-15% margin). Revenue has grown at a compounded annual rate of +138% over three years and +27% over five years.
- ₹24.07 CrRevenue · FY 2024 · +71% YoY
- -₹4.46 CrNet loss · -19% margin
- -₹3.52 CrEBITDA · -15% margin
- ₹1.8 LakhPaid-up capital
- 79Employees (provident fund records)
- +138%Revenue CAGR, 3 years
- +27%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Euphoriya Hospitality Private Limited are on its company page.
Detailed financial statements for 99 Pancakes
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of 99 Pancakes
4 dated milestones of 99 Pancakes across 7 years, from founding to its latest funding, stage changes and deals.
- Founded 99 Pancakes is founded.
- Funding First funding round of $1.6M.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Series A, of $2.4M.
Competitors of 99 Pancakes
99 Pancakes has 3 listed competitors in our database, 3 of them funded. They include Bakingo, Creme Castle and Mimansa Industries.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| bakingo.com | 2016 | Gurugram, India | $16M | 863 | Diversified cakes and pastries are offered online through Bakingo. | |
| cremecastle.in | 2013 | Noida, India | $838,005 | 87 | Creme Castle is recognized as a leading custom cake bakery in Delhi NCR. | |
| mimansaindustries.com | 2012 | Ahmedabad, India | $7.2M | 115 | Chain of bakery cafe offering cakes and pastries |
Detailed competitors of 99 Pancakes
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Web traffic of 99 Pancakes
The website of 99 Pancakes (99pancakes.in) receives about 12.4K visits a month and ranks #1,030,721 among all websites worldwide, #8,479 in Restaurants and Delivery.
- Monthly visits12.4K
▼ 46.5% vs previous month
- Unique visitors10K
per month
- Global rank#1,030,721
among all websites
- Category rank#8,479
Food and Drink · Restaurants and Delivery
- Bounce rate38%
- Pages per visit3.3
- Average visit2 min 23 sec
- DevicesDesktop 7% · Mobile 93%
Websites whose visitors overlap most with 99 Pancakes. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| unclepeterspancakes.com | 100% | 4.2K | #4,479,216 | View details | |
| flurys.com | 88% | 14.2K | #1,646,343 | View details | |
| slurrpfarm.com | 56% | 111.6K | #262,346 | View details | |
| 12taste.com | 53% | 34.7K | #947,946 | View details |
Top companies in Food Service Chains
2 companies that operate in the same segment as 99 Pancakes (Food Service Chains) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Coffee and related products are served by a restaurant chain. | 1993 | Bengaluru, Karnataka, India | USD 236.07 M | USD 110.67 M | 2,863 | |
Tea and snacks are served by Chaayos in limited-service restaurants. | 2012 | Delhi, Delhi, India | USD 94.23 M | USD 38.52 M | 2,075 |
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Related news about 99 Pancakes
Complete news archive for 99 Pancakes
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Frequently Asked Questions about 99 Pancakes
99 Pancakes was founded in 2017 and raised its 1st funding round 5 years after it was founded.
99 Pancakes is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Vikesh Shah is the CEO of 99 Pancakes, as recorded in our data. They have also founded this company.
99 Pancakes is a funded company, having raised a total of $4.6M across 4 funding rounds to date. The company's 1st funding round was a Seed of $1.62M, raised on Mar 2022.
99 Pancakes has 79 employees.
The primary company behind 99 Pancakes, Euphoriya Hospitality Private Limited, reported revenue of ₹24.07 Cr for FY 2024, up 71% year on year.
99 Pancakes was established in 2017 in Mumbai, India, as a limited-service food chain focused on breakfast items. Various types of pancakes, along with milkshakes, desserts, and chocolates, are offered on the menu. Products are prepared using organic ingredients sourced from local suppliers. Operations center on quick-service dining in the Indian market.
99 Pancakes's top competitors include Bakingo, Mimansa Industries and Creme Castle.
99 Pancakes offers Pancakes, Waffles, Crepes, Shakes, and Macarons.
99 Pancakes has 13 investors. Key investors include Uptrend PG, Universalcinetrades, Anil Mohanlal Parmar, Manisha Anil Parmar, and Bhavna Jaisukh Mehta.
The valuation of 99 Pancakes is $7.66M as of Jul 2024.
99 Pancakes operates through Euphoriya Hospitality Private Limited.