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
*********
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Website
*********
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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.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Seed — $591,467
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First Round
First Round
(31 Dec 2015)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2018 | Amount | Seed - BENANI FOODS | Valuation | TVS Electronics , Prime Property Holdings | |
| Apr, 2017 | Amount | Seed - BENANI FOODS | Valuation | Prakash Katama , Prime Property Holdings | |
| Dec, 2015 | Amount | Seed - BENANI FOODS | Valuation | Prime Property Holdings |
| 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 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. 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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Investment in growth equity and insurtech sectors in India.
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Founded Year | Domain | Location | |
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Provider of electronic devices maintenance services
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Founded Year | Domain | Location | |
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Real estate properties are held and managed in Chennai, India.
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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.
|
Founded Year | Domain | Location |
Investments & Acquisitions by BENANI FOODS
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
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 - BENANI FOODS
| 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 |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Benani Foods Comparisons
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. 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 |
Ready-to-cook wholesome food products are provided by ID Fresh Food.
|
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| domain | founded_year | HQ Location |
Packaged, ready to cook food for Indian and south Asian cuisine
|
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| domain | founded_year | HQ Location |
Versatile and nutritious protein-first vegetarian foods are produced.
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| domain | founded_year | HQ Location |
Ready-to-make oriental snacks are branded and distributed by Bluepine Foods.
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| domain | founded_year | HQ Location |
Ready-to-eat pasta and sauces are supplied online by Chef's Basket.
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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 Benani Foods
Frequently Asked Questions about BENANI FOODS
When was BENANI FOODS founded?
BENANI FOODS was founded in 2013 and raised its 1st funding round 2 years after it was founded.
Where is BENANI FOODS located?
BENANI FOODS is headquartered in Chennai, India. It is registered at Chennai, Tamil Nadu, India.
Is BENANI FOODS a funded company?
BENANI FOODS is a funded company, having raised a total of $1.28M across 3 funding rounds to date. The company's 1st funding round was a Seed of $414.43K, raised on Dec 31, 2015.
How many employees does BENANI FOODS have?
As of Jul 31, 2024, the latest employee count at BENANI FOODS is 641.
What is the annual revenue of BENANI FOODS?
Annual revenue of BENANI FOODS is $124.91M as on Mar 31, 2022.
What does BENANI FOODS do?
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.
Who are the top competitors of BENANI FOODS?
BENANI FOODS's top competitors include ID Fresh Food, Tasty Bite and VEGOLUTION.
Who are BENANI FOODS's investors?
BENANI FOODS has 6 investors. Key investors include WayCool, TVS Electronics, TVS Capital Funds, Prakash Katama, and Prime Property Holdings.
What is BENANI FOODS's valuation?
The valuation of BENANI FOODS is $1.78M as of Jan 2018.