About Adukale
Adukale is a company based in Bengaluru (India) founded in 2016 by M S Ravindra, Malathi Sharma, and Nagaratna Ravindra.. Adukale has raised $3.84 million across 6 funding rounds from investors including LetsVenture, Force Ventures and Padmashree Diagnostics. The company has 76 employees as of April 05, 2024. Adukale operates in a competitive market with competitors including Cavinkare, Chings Secret, BambinoAgro, Candor Foods and Annapurna Group, among others.
- Headquarter Bengaluru, India
- Employees 76 as on 05 Apr, 2024
- Founders M S Ravindra, Malathi Sharma, Nagaratna Ravindra
- 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 Sankethi Nutriments Private Limited
- Date of Incorporation 12 Mar, 2018
- Jurisdiction Bangalore North, Karnataka, India
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Annual Revenue
$1.11 M (USD)27.51as on Mar 31, 2023
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Net Profit
$29.18 K (USD)13.5as on Mar 31, 2023
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EBITDA
$92.77 K (USD)7.17as on Mar 31, 2023
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Total Equity Funding
$3.84 M (USD)
in 6 rounds
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Latest Funding Round
$969.51 K (USD), Seed
Aug 13, 2025
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Investors
LetsVenture
& 48 more
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Employee Count
76
as on Apr 05, 2024
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Funding Insights of Adukale
Adukale has successfully raised a total of $3.84M across 6 strategic funding rounds. The most recent funding activity was a Seed round of $969.51 thousand completed in August 2025. 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 6
- Last Round Seed — $969,514
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First Round
First Round
(14 Mar 2019)
- Investors Count 49
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2025 | Amount | Seed - Adukale | Valuation | Akshaya Mayur | |
| Aug, 2024 | Amount | Seed - Adukale | Valuation | NuVentures |
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| Jul, 2024 | Amount | Seed - Adukale | Valuation | Monster Mind Fortunes LLP , Subrata Mitra |
| 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 Adukale
Adukale has secured backing from 49 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include LetsVenture, Force Ventures and Padmashree Diagnostics. 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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NuVentures is engaged in venture capital investments for startups.
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Founded Year | Domain | Location | |
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Angel investor network for businesses
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Founded Year | Domain | Location | |
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Seed-stage investments are targeted by Anyaa Ventures in early startups.
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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 Adukale
| 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 - Adukale
| 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 |
Adukale Comparisons
Competitors of Adukale
Adukale 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 Cavinkare, Chings Secret, BambinoAgro, Candor Foods and Annapurna Group, 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 |
Multicategory convenience food products are offered as an internet-first brand.
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| domain | founded_year | HQ Location |
Private label brand for Indo-Chinese fusion food
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| domain | founded_year | HQ Location |
Food products are manufactured and supplied, specializing in pasta.
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| domain | founded_year | HQ Location |
Dry fruits, dates, and nuts are manufactured and processed.
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| domain | founded_year | HQ Location |
Annapurna Group creates pure dairy, jams, sauces, and beverages for consumer well-being.
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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 Adukale
Frequently Asked Questions about Adukale
When was Adukale founded?
Adukale was founded in 2016 and raised its 1st funding round 3 years after it was founded.
Where is Adukale located?
Adukale is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Who is the current CEO of Adukale?
Bharat Kaushik is the current CEO of Adukale.
Is Adukale a funded company?
Adukale is a funded company, having raised a total of $3.84M across 6 funding rounds to date. The company's 1st funding round was a Seed of $826.41K, raised on Mar 14, 2019.
How many employees does Adukale have?
As of Apr 05, 2024, the latest employee count at Adukale is 76.
What is the annual revenue of Adukale?
Annual revenue of Adukale is $1.11M as on Mar 31, 2023.
What does Adukale do?
Adukale was established in 2016 in Bengaluru, India, within the food sector. Operations center on the production and marketing of snacks, accessible via the domain adukale.com. The company is led by co-founders M S Ravindra, Malathi Sharma, and Nagaratna Ravindra, with Bharat Kaushik serving as CEO. Focus remains on snack offerings tailored to the Indian market, supported by key personnel details including DIN and PAN identifiers.
Who are the top competitors of Adukale?
Adukale's top competitors include Cavinkare, Chings Secret and BambinoAgro.
Who are Adukale's investors?
Adukale has 49 investors. Key investors include LetsVenture, Force Ventures, Padmashree Diagnostics, PKF Consulting Services, and NuVentures.
What is Adukale's valuation?
The valuation of Adukale is $10.34M as of Jul 2024.
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