About Akay Group
Akay Group is a company based in Ernakulam (India) founded in 1995 was acquired by Oterra in July 2022.. Akay Group has raised $8.82 million across 2 funding rounds from investors including Asian Development Bank, Oterra and IFU. The company has 307 employees as of March 29, 2024. Akay Group offers products and services including Oleoresins and Spices.
- Headquarter Ernakulam, India
- Employees 307 as on 29 Mar, 2024
- 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 Akay Natural Ingredients Private Limited
- Jurisdiction Ernakulam, Kerala, India
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Annual Revenue
$72.6 M (USD)11.2as on Mar 31, 2022
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Net Profit
$7.36 M (USD)-5.47as on Mar 31, 2022
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EBITDA
$10.69 M (USD)-2.01as on Mar 31, 2022
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Total Equity Funding
$8.82 M (USD)
in 2 rounds
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Latest Funding Round
$6.01 M (USD), Series A
Nov 07, 2014
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Investors
Asian Development Bank
& 2 more
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Employee Count
307
as on Mar 29, 2024
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Acquired by
Oterra
(Jul 05, 2022)
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Products & Services of Akay Group
Akay Group offers a comprehensive portfolio of products and services, including Oleoresins and Spices. 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.
Oleoresins are produced by Akay as natural extracts for flavoring and other uses in the food industry.
Spices are processed by Akay through rigorous methods like steam sterilization to ensure quality for distribution.
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Funding Insights of Akay Group
Akay Group has successfully raised a total of $8.82M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $6.01 million completed in November 2014. 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 2
- Last Round Series A — $6.0M
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First Round
First Round
(01 Jun 1996)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2014 | Amount | Series A - Akay Group | Valuation | Asian Development Bank |
|
| Jun, 1996 | Amount | Unspecified - Akay Group | Valuation | IFU |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Akay Group
Akay Group has secured backing from 3 investors, including institutional and venture fund investors. Prominent investors backing the company include Asian Development Bank, Oterra and IFU. 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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Private equity investment firm
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Founded Year | Domain | Location | |
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Advisory services and financial resources are mobilized for development projects.
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Founded Year | Domain | Location | |
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Naturally sourced colors for food industries are supplied globally.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
|
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 Akay Group
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
|
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.
|
2016 |
Financial Statements - Akay Group
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Akay Group Comparisons
Competitors of Akay Group
| 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 Akay Group
Frequently Asked Questions about Akay Group
When was Akay Group founded?
Akay Group was founded in 1995 and raised its 1st funding round 1 year after it was founded.
Where is Akay Group located?
Akay Group is headquartered in Ernakulam, India. It is registered at Ernakulam, Kerala, India.
Is Akay Group a funded company?
Akay Group is a funded company, having raised a total of $8.82M across 2 funding rounds to date. The company's 1st funding round was a Unspecified of $2.81M, raised on Jun 01, 1996.
How many employees does Akay Group have?
As of Mar 29, 2024, the latest employee count at Akay Group is 307.
What is the annual revenue of Akay Group?
Annual revenue of Akay Group is $72.6M as on Mar 31, 2022.
What does Akay Group do?
Akay Group was established in 1995 in Ernakulam, India, where operations in the food processing and natural extracts sector are centered. Spices are processed for various applications, while phytoplankton extracts are derived for specialized uses in nutrition and biotechnology. The company is led by Managing Director Balu Paulose Maliakel. Activities are conducted primarily from its base in India, serving domestic and international markets through its domain akay-group.com.
What products or services does Akay Group offer?
Akay Group offers Oleoresins and Spices.
Who are Akay Group's investors?
Akay Group has 3 investors. Key investors include Asian Development Bank, Oterra, and IFU.
What is Akay Group's valuation?
The valuation of Akay Group is $35.93M as of Nov 2014.