About 99 Pancakes
99 Pancakes is a company based in Mumbai (India) founded in 2017 by Vikesh Shah.. 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 as of April 03, 2024. 99 Pancakes offers products and services including Pancakes, Waffles, Crepes, Shakes, and Macarons. 99 Pancakes operates in a competitive market with competitors including Bakingo, Creme Castle, Mimansa Industries, Hira Sweets and Ribbons and Balloons, among others.
- Headquarter Mumbai, India
- Employees 79 as on 03 Apr, 2024
- Founders Vikesh Shah
- 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
*********
- Legal Name Euphoriya Hospitality Private Limited
- Date of Incorporation 11 Jan, 2018
- Jurisdiction Mumbai, Maharashtra, India
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Annual Revenue
$1.69 M (USD)214.93as on Mar 31, 2023
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Net Profit
$-499.97 K (USD)-440.16as on Mar 31, 2023
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EBITDA
$-522.05 K (USD)-734.8as on Mar 31, 2023
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Total Equity Funding
$4.6 M (USD)
in 4 rounds
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Latest Funding Round
$2.38 M (USD), Series A
Aug 27, 2024
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Investors
Uptrend PG
& 12 more
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Employee Count
79
as on Apr 03, 2024
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Products & Services of 99 Pancakes
99 Pancakes offers a comprehensive portfolio of products and services, including Pancakes, Waffles, Crepes, Shakes, and Macarons. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
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
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 Total Funding
- Total Rounds 4
- Last Round Series A — $2.4M
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First Round
First Round
(25 Mar 2022)
- Investors Count 13
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2024 | Amount | Series A - 99 Pancakes | Valuation |
investors |
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| Jul, 2024 | Amount | Seed - 99 Pancakes | Valuation | Uptrend PG |
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| Oct, 2023 | Amount | Seed - 99 Pancakes | 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 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. 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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Founded Year | Domain | Location | |
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Founded Year | Domain | Location | |
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AM
Anil Mohanlal Parmar |
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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 99 Pancakes
| 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 - 99 Pancakes
| 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 |
99 Pancakes Comparisons
Competitors of 99 Pancakes
99 Pancakes 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 Bakingo, Creme Castle, Mimansa Industries, Hira Sweets and Ribbons and Balloons, 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 |
Diversified cakes and pastries are offered online through Bakingo.
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| domain | founded_year | HQ Location |
Creme Castle is recognized as a leading custom cake bakery in Delhi NCR.
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| domain | founded_year | HQ Location |
Chain of bakery cafe offering cakes and pastries
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| domain | founded_year | HQ Location |
Provides Indian sweets, restaurant services, bakery items, and gift hampers in Delhi.
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| domain | founded_year | HQ Location |
Operates a chain of bakery cafes offering a variety of cakes and pastries.
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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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Latest news on 99 Pancakes
Frequently Asked Questions about 99 Pancakes
When was 99 Pancakes founded?
99 Pancakes was founded in 2017 and raised its 1st funding round 5 years after it was founded.
Where is 99 Pancakes located?
99 Pancakes is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Who is the current CEO of 99 Pancakes?
Vikesh Shah is the current CEO of 99 Pancakes. They have also founded this company.
Is 99 Pancakes a funded 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 $120.19K, raised on Mar 25, 2022.
How many employees does 99 Pancakes have?
As of Apr 03, 2024, the latest employee count at 99 Pancakes is 79.
What is the annual revenue of 99 Pancakes?
Annual revenue of 99 Pancakes is $1.69M as on Mar 31, 2023.
What does 99 Pancakes do?
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.
Who are the top competitors of 99 Pancakes?
99 Pancakes's top competitors include Bakingo, Mimansa Industries and Ribbons and Balloons.
What products or services does 99 Pancakes offer?
99 Pancakes offers Pancakes, Waffles, Crepes, Shakes, and Macarons.
Who are 99 Pancakes's investors?
99 Pancakes has 13 investors. Key investors include Uptrend PG, Universalcinetrades, Anil Mohanlal Parmar, Manisha Anil Parmar, and Bhavna Jaisukh Mehta.
What is 99 Pancakes's valuation?
The valuation of 99 Pancakes is $7.66M as of Jul 2024.
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