About Aspire Food Group
Aspire Food Group is a Consumer company based in Austin (United States) founded in 2013 by Gabe Mott. Edible insects are bred and marketed as alternative protein sources. It operates in the Consumer and Agriculture sectors. Aspire Food Group has raised $49 million across 6 funding rounds from investors including NGen and Sustainable Development Technology Canada. Aspire Food Group has completed 1 acquisition, including EXO Protein. Its Indian entity Aspire Farms Private Limited reported revenue of ₹11.78 Cr. Aspire Food Group offers products and services including Cricket Powder. Its focus areas include Food and Agriculture Tech, Food Tech, Novel Foods and Food Products. Its competitors include All Things Bugs, Bugeater Foods and Bitty Foods; 3 of its 3 listed competitors have raised funding.
Company details
Aspire Food Group was founded in 2013 and is based in Austin, United States. Operations focus on breeding edible insects for food production in the alternative protein sector. Cricket breeding occurs in Mexico, while palm weevil breeding is conducted in Ghana. Insect-based foods and ingredients are produced and marketed in flour and roasted forms as substitutes for livestock protein.
- Headquarters Austin, United States
- Founders Gabe Mott
- SectorsConsumerAgriculture
- Email••••••••
- Website aspirefg.com
- Social LinkedIn X Facebook Instagram YouTube
- Legal Name Aspire Farms Private Limited
- Date of Incorporation 15 Dec, 1995
- Jurisdiction New Delhi, Delhi, India
- Indian entity revenue₹11.78 Cr
FY 2025 · +8% YoY
- Indian entity net profit₹6.8 Lakh
FY 2025 · 1% margin
- Indian entity EBITDA₹39.4 Lakh
FY 2025 · 3% margin
- Total Equity Funding$49M (USD)
in 6 rounds
- InvestorsNGen
& 1 more
- Investments & Acquisitions
Associated legal entities of Aspire Food Group
Aspire Food Group operates through Aspire Farms Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Aspire Farms Private Limited CIN U74899DL1995PTC074689 | Active | 15 Dec 1995 | New Delhi, Delhi | ₹11.8 Cr | 3 | View details |
Products & Services of Aspire Food Group
Aspire Food Group offers a comprehensive portfolio of products and services, including Cricket Powder.
Sustainable protein derived from farmed crickets for food applications.
Apps and channels of Aspire Food Group
its YouTube channel Hult Prize Foundation has 17.4K subscribers and 30 videos.
Videos from Aspire Food Group
The most watched videos on Aspire Food Group's YouTube channel, Hult Prize Foundation (17.4K subscribers). Click a video to play it here.
More on Hult Prize Foundation.
Funding Insights of Aspire Food Group
Aspire Food Group has successfully raised a total of $49M across 6 strategic funding rounds. 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 $49M
- Total Rounds 6
- First Round $1M
(Sep 2013)
- Investors Count 2
All 6 funding rounds of Aspire Food Group 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 |
|---|---|---|---|---|---|
| Dec 2024 | Series B | – | – | – | |
| Feb 2021 | $13.2M | Grant | – | – | |
| Jun 2020 | $10M | Grant | – | – | |
| Jun 2019 | $40M | Series B | – | – | – |
| Jun 2017 | $9M | Series A | – | – | – |
| Sep 2013 | $1M | Grant | – | – | – |
2 investors in total: 2 institutional.
Investors in Aspire Food Group
Aspire Food Group has secured backing from 2 investors, including institutional and venture fund investors. Prominent investors backing the company include NGen and Sustainable Development Technology Canada.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital firm focused on investing in clean tech sectors | sdtc.ca | Ottawa, Canada | ||
Advanced manufacturing and technology are advanced by NGen foundation. | 2017 | ngen.ca | Hamilton, Canada |
Investor details for Aspire Food Group
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
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Verified entity values are shown only after access is granted.
Board of directors of Aspire Farms Private Limited (Aspire Food Group)
Aspire Farms Private Limited is the primary company behind Aspire Food Group. The board of Aspire Farms Private Limited currently have 3 directors; the longest-serving is Kanishak Singhal, appointed in 2012. 5 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Kanishak Singhal DIN 06409902 | Director | 20 Oct 2012 | 14 yrs | Aspire Farms Private Limited |
| Bharti Singhal DIN 01094488 | Managing Director | 10 Aug 2014 | 12 yrs 2 mo | Aspire Farms Private Limited |
| Brij Bala DIN 06985171 | Director | 01 Oct 2014 | 12 yrs 1 mo | Aspire Farms Private Limited |
People of Aspire Food Group
1 people are tracked at Aspire Food Group (1 in leadership).
| Name | Role | Group |
|---|---|---|
Gabe Mott | Co-Founder & COO | Leadership |
Complete people profiles for Aspire Food Group
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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- Professional contacts
Verified entity values are shown only after access is granted.
Financials of Aspire Food Group
Figures of Aspire Farms Private Limited, the primary company behind Aspire Food Group, for FY 2025. Revenue was ₹11.78 Cr (+8% year on year). Net profit was ₹6.8 Lakh (1% margin). EBITDA was ₹39.4 Lakh (3% margin). Revenue has grown at a compounded annual rate of +6% over three years and +2% over five years.
- ₹11.78 CrRevenue · FY 2025 · +8% YoY
- ₹6.8 LakhNet profit · 1% margin
- ₹39.4 LakhEBITDA · 3% margin
- ₹23.1 LakhPaid-up capital
- +6%Revenue CAGR, 3 years
- +2%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Aspire Farms Private Limited are on its company page.
Detailed financial statements for Aspire Food Group
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
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- Downloads
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Investments & Acquisitions by Aspire Food Group
Aspire Food Group has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include EXO Protein.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Protein bars are manufactured from cricket flour by Exo. | exoprotein.com | Austin, United States | 2014 | Mar 2018 | •••• |
Complete acquisition details for Aspire Food Group
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
- Acquired stakes
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Verified entity values are shown only after access is granted.
Timeline of Aspire Food Group
4 dated milestones of Aspire Food Group across 11 years, from founding to its latest funding, stage changes and deals.
- Founded Aspire Food Group is founded.
- Funding First funding round of $1.0M.
- Acquisition Acquires EXO Protein.
- Funding Latest funding round, Series B,.
Competitors of Aspire Food Group
Aspire Food Group has 3 listed competitors in our database, 3 of them funded. They include All Things Bugs, Bugeater Foods and Bitty Foods.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| allthingsbugs.com | 2011 | Athens, United States | $100,000 | Insect-based protein ingredients are developed and provided via cricket powder. | ||
| bugeaterfoods.com | 2015 | Lincoln, United States | $35,000 | Manufactures and brands insect-protein based shakes for health-conscious consumers. | ||
| bittyfoods.com | 2013 | San Francisco, United States | $1.18M | Specializes in developing insect-based baking mixes and cookies for consumers. |
Detailed competitors of Aspire Food Group
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
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Verified entity values are shown only after access is granted.
Web traffic of Aspire Food Group
The website of Aspire Food Group (aspirefg.com) receives about 3.5K visits a month.
- Monthly visits3.5K
▲ 146.1% vs previous month
Websites whose visitors overlap most with Aspire Food Group. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
goodfoodjobs.com | goodfoodjobs.com | 100% | #362,860 | – |
Top companies in Food & Beverage Platforms
3 companies that operate in the same segment as Aspire Food Group (Food & Beverage Platforms) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Food and grocery deliveries are facilitated through an app-based platform. | 2013 | San Francisco, California, United States | USD 2.5 B | USD 10.72 B | 80,579 | |
Platform for discovering and sharing local businesses | 2004 | San Francisco, California, United States | USD 56 M | USD 1.46 B | 5,120 | |
Restaurant operations are managed via a cloud-based platform. | 2011 | Boston, Massachusetts, United States | USD 900 M | USD 6.15 B | 8,021 |
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Related news about Aspire Food Group
Complete news archive for Aspire Food Group
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Frequently Asked Questions about Aspire Food Group
Aspire Food Group was founded in 2013.
Aspire Food Group is headquartered in Austin, United States. It is registered at Austin, Texas, United States.
Aspire Food Group is a funded company, having raised a total of $49M across 6 funding rounds to date. The company's 1st funding round was a Grant of $1M, raised on Sep 2013.
The primary company behind Aspire Food Group, Aspire Farms Private Limited, reported revenue of ₹11.78 Cr for FY 2025, up 8% year on year.
Aspire Food Group was founded in 2013 and is based in Austin, United States. Operations focus on breeding edible insects for food production in the alternative protein sector. Cricket breeding occurs in Mexico, while palm weevil breeding is conducted in Ghana. Insect-based foods and ingredients are produced and marketed in flour and roasted forms as substitutes for livestock protein.
Aspire Food Group's top competitors include All Things Bugs, Bugeater Foods and Bitty Foods.
Aspire Food Group offers Cricket Powder.
Aspire Food Group has made 1 acquisition, including EXO Protein.
Aspire Food Group has 2 investors. Key investors include NGen, and Sustainable Development Technology Canada.
Aspire Food Group operates through Aspire Farms Private Limited.
The legal entities of Aspire Food Group currently have 3 directors, including Kanishak Singhal, Bharti Singhal, Brij Bala.