About BENANI FOODS
BENANI FOODS is a company based in Chennai (India) founded in 2013 by Venkatesh Deivanayagam was acquired by WayCool in March 2019. BENANI FOODS has raised $1.28 million across 3 funding rounds from investors including WayCool, TVS Electronics and TVS Capital Funds. The company has 641 employees as of July 31, 2024. BENANI FOODS operates in a competitive market with competitors including ID Fresh Food, Tasty Bite, VEGOLUTION, Bluepine Foods and Chef's Basket, among others.
- Headquarter Chennai, India
- Employees 641 as on 31 Jul, 2024
- Founders Venkatesh Deivanayagam
- Stage Minicorn
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Sectors
Consumer
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Phone
Locked
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Website
Locked
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Annual Revenue
$124.91 M (USD)140as on Mar 31, 2022
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Net Profit
-$48.13 M (USD)-141as on Mar 31, 2022
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EBITDA
-$45.37 M (USD)-153as on Mar 31, 2022
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Total Equity Funding
$1.28 M (USD)
in 3 rounds
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Latest Funding Round
$591.47 K (USD), Seed
Jan 23, 2018
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Investors
WayCool
& 5 more
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Employee Count
641
as on Jul 31, 2024
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Acquired by
WayCool
(Mar 25, 2019)
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Funding Insights of BENANI FOODS
BENANI FOODS has successfully raised a total of $1.28M across 3 strategic funding rounds. The most recent funding activity was a Seed round of $591.47 thousand completed in January 2018. 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.
Investors in BENANI FOODS
BENANI FOODS has secured backing from 6 investors, including angel, institutional, and venture fund investors. Prominent investors backing the company include WayCool, TVS Electronics and TVS Capital Funds.
| Investor | Description | Founded Year | Domain | Location |
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Investment in growth equity and insurtech sectors in India.
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Provider of electronic devices maintenance services
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Real estate properties are held and managed in Chennai, India.
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Investor details for BENANI FOODS
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Investments & Acquisitions by BENANI FOODS
Investment portfolio details for BENANI FOODS
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Financial Statements - BENANI FOODS
Detailed financials for BENANI FOODS
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Benani Foods Comparisons
Peer comparison for BENANI FOODS
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Competitors of BENANI FOODS
BENANI 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 ID Fresh Food, Tasty Bite, VEGOLUTION, Bluepine Foods and Chef's Basket, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Ready-to-cook wholesome food products are provided by ID Fresh Food.
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Packaged, ready to cook food for Indian and south Asian cuisine
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Versatile and nutritious protein-first vegetarian foods are produced.
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Ready-to-make oriental snacks are branded and distributed by Bluepine Foods.
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Ready-to-eat pasta and sauces are supplied online by Chef's Basket.
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Detailed competitors of BENANI FOODS
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Latest news on Benani Foods
Complete news archive for BENANI FOODS
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Frequently Asked Questions about BENANI FOODS
BENANI FOODS was founded in 2013 and raised its 1st funding round 2 years after it was founded.
BENANI FOODS is headquartered in Chennai, India. It is registered at Chennai, Tamil Nadu, India.
BENANI FOODS is a funded company, having raised a total of $1.28M across 3 funding rounds to date.
As of Jul 31, 2024, the latest employee count at BENANI FOODS is 641.
Annual revenue of BENANI FOODS is $124.91M as on Mar 31, 2022.
Benani Foods was founded in 2013 in Chennai, India, and operates within the ready-to-cook food sector. Products such as dosa batter are manufactured and distributed, with claims of natural and fresh ingredients. Operations focus on retail channels, where the majority of sales occur in Tamilnadu, India. The brand serves local consumers through established retailers in the region.
BENANI FOODS's top competitors include ID Fresh Food, Tasty Bite and VEGOLUTION.
BENANI FOODS has 6 investors. Key investors include WayCool, TVS Electronics, TVS Capital Funds, Prakash Katama, and Prime Property Holdings.
The valuation of BENANI FOODS is $1.78M as of Jan 2018.