About Asal Foods
Asal Foods is a company based in Bengaluru (India) founded in 2010 by Anitha Sathish Kumar was acquired by Milky Mist Dairy Food in June 2021.. The company has 42 employees as of April 03, 2024. Asal Foods operates in a competitive market with competitors including Cavinkare, Chings Secret, Adukale, BambinoAgro and Candor Foods, among others.
- Headquarter Bengaluru, India
- Employees 42 as on 03 Apr, 2024
- Founders Anitha Sathish Kumar
-
Sectors
Consumer
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Asal Food Products Private Limited
- Date of Incorporation 24 Nov, 2020
- Jurisdiction Erode, Tamil Nadu, India
-
Annual Revenue
$4.04 M (USD)55.73as on Mar 31, 2023
-
Net Profit
$118.04 K (USD)82.55as on Mar 31, 2023
-
EBITDA
$356.1 K (USD)45.8as on Mar 31, 2023
-
Latest Funding Round
- Investors
-
Employee Count
42
as on Apr 03, 2024
-
Acquired by
Milky Mist Dairy Food
(Jun 08, 2021)
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Funding Insights of Asal Foods
| 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 Asal Foods
Asal Foods has secured backing from 1 investor. Prominent investors backing the company include Milky Mist Dairy Food. 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 |
|---|---|---|---|---|
|
Brand of dairy products
|
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 | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Asal Foods
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - Asal Foods
| 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 |
Asal Foods Comparisons
Competitors of Asal Foods
Asal Foods 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, Adukale, BambinoAgro and Candor Foods, 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.
|
|
| domain | founded_year | HQ Location |
Private label brand for Indo-Chinese fusion food
|
|
| domain | founded_year | HQ Location |
Snacks are branded and distributed by Adukale in India.
|
|
| domain | founded_year | HQ Location |
Food products are manufactured and supplied, specializing in pasta.
|
|
| domain | founded_year | HQ Location |
Dry fruits, dates, and nuts are manufactured and processed.
|
|
| domain | founded_year | HQ Location |
Annapurna Group creates pure dairy, jams, sauces, and beverages for consumer well-being.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Frequently Asked Questions about Asal Foods
When was Asal Foods founded?
Asal Foods was founded in 2010.
Where is Asal Foods located?
Asal Foods is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
How many employees does Asal Foods have?
As of Apr 03, 2024, the latest employee count at Asal Foods is 42.
What is the annual revenue of Asal Foods?
Annual revenue of Asal Foods is $4.04M as on Mar 31, 2023.
What does Asal Foods do?
Asal Foods was founded in 2010 and is based in Bengaluru, India. Operations are centered in the food manufacturing sector, where ready-to-cook Indian flatbreads such as paratha and chapathi are produced, along with batter for idli and dosa. Convenient solutions for meal preparation are offered, drawing from traditional recipes. The company serves the market for quick, authentic Indian breakfast options.
Who are the top competitors of Asal Foods?
Asal Foods's top competitors include Cavinkare, Chings Secret and BambinoAgro.
Who are Asal Foods's investors?
Asal Foods has 1 investor. Key investors include Milky Mist Dairy Food.
Book a demo & talk to our team
Share a few details and we’ll reach out to schedule a session.