About Bikaji
Bikaji is a company based in Bikaner (India) founded in 1987 by Shivratan Agarwal, Sushila Agarwal, and Shivratan Agrawal was acquired by Lighthouse in August 2021. It operates as a Direct-to-Consumer (D2C), and Reseller / Distribution. Bikaji has raised $53.1 million across 5 funding rounds from investors including 360 One, WhiteOak Capital Management and INDO-CITY. The company has 2,840 employees as of March 31, 2024. Bikaji has completed 3 acquisitions, including Ariba Foods, Hanuman Agrofood and Hazelnut Factory. Bikaji offers products and services including Bikaneri Bhujia, Bikaneri Papad, and Rasgulla. Bikaji operates in a competitive market with competitors including ReGrained, Kindaba, HA!, Brass Roots and Rivalz Snacks, among others.
- Headquarter Bikaner, India
- Employees 2840 as on 31 Mar, 2024
- Founders Shivratan Agarwal, Sushila Agarwal, Shivratan Agrawal
- Stage Public
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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 Bikaji Foods International Ltd.
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Annual Revenue
$298.48 M (USD)14.3as on Mar 31, 2024
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Net Profit
$23.48 M (USD)-24.41as on Mar 31, 2024
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EBITDA
$32.13 M (USD)-9.34as on Mar 31, 2024
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Total Equity Funding
$53.1 M (USD)
in 5 rounds
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Latest Funding Round
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Investors
360 One
& 9 more
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Employee Count
2840
as on Mar 31, 2024
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Investments & Acquisitions
Ariba Foods
& 2 more
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Acquired by
Lighthouse
(Aug 10, 2021)
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IPO & Listings of Bikaji
Bikaji is a publicly listed company on the NSE with ticker symbol BIKAJI in India, operating in the Consumer non-durables sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Bikaji
Bikaji offers a comprehensive portfolio of products and services, including Bikaneri Bhujia, Bikaneri Papad, and Rasgulla. 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.
Traditional Indian snack made from gram flour and spices.
Crispy flatbread made from lentils and traditional spices.
Soft spongy sweet made from chenna and sugar syrup.
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Funding Insights of Bikaji
Bikaji has successfully raised a total of $53.1M across 5 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 Total Funding
- Total Rounds 5
- Last Round Last Round
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First Round
First Round
(29 Jun 2001)
- Investors Count 10
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2022 | Amount | Series C - Bikaji | Valuation | White Oak |
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| Jul, 2021 | Amount | Series C - Bikaji | Valuation | Lighthouse |
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| May, 2018 | Amount | Private Equity Round - Bikaji | Valuation | 360 One , IIFL Asset Management |
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| 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 Bikaji
Bikaji has secured backing from 10 investors, including institutional and venture fund investors. Prominent investors backing the company include 360 One, WhiteOak Capital Management and INDO-CITY. 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 funds for Indian startups are managed by Lighthouse.
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Founded Year | Domain | Location | |
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Multiple sectors are invested in by the private equity firm.
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Founded Year | Domain | Location | |
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Investment management and advisory services are provided in 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.
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Founded Year | Domain | Location |
Investments & Acquisitions by Bikaji
Bikaji has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include Ariba Foods, Hanuman Agrofood and Hazelnut Factory. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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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.
|
2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Ariba Foods is engaged in producing ready-to-cook food products.
|
2012 | ||||
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Food products are distributed by Hanuman Agrofood in India.
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2012 | ||||
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Indian sweets are distributed via an internet-first brand model.
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0 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
|
2017 | ||||
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Bionic investment advisor platform
|
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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Bikaji
| 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 |
Bikaji Comparisons
Competitors of Bikaji
Bikaji 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 ReGrained, Kindaba, HA!, Brass Roots and Rivalz Snacks, 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.
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| domain | founded_year | HQ Location |
Upcycles grain waste from urban craft breweries into baked goods
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| domain | founded_year | HQ Location |
Operates a social networking platform designed for families.
|
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| domain | founded_year | HQ Location |
Internet first rand offering healthy snacks
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| domain | founded_year | HQ Location |
Internet first brand of snacks
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| domain | founded_year | HQ Location |
Plant-based nutritional snacks are offered in various flavors.
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| domain | founded_year | HQ Location |
Authentic Mexican empanadas and related dishes are offered.
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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 Bikaji
Frequently Asked Questions about Bikaji
When was Bikaji founded?
Bikaji was founded in 1987 and raised its 1st funding round 14 years after it was founded.
Where is Bikaji located?
Bikaji is headquartered in Bikaner, India. It is registered at Bikaner, Rajasthan, India.
Who is the current CEO of Bikaji?
Deepak Agarwal is the current CEO of Bikaji.
Is Bikaji a funded company?
Bikaji is a funded company, having raised a total of $53.1M across 5 funding rounds to date. The company's 1st funding round was a Private Equity Round of $17.95M, raised on Jun 29, 2001.
How many employees does Bikaji have?
As of Mar 31, 2024, the latest employee count at Bikaji is 2,840.
What is the annual revenue of Bikaji?
Annual revenue of Bikaji is $298.48M as on Mar 31, 2024.
What does Bikaji do?
Bikaji is established as a prominent manufacturer of traditional Indian snacks and sweets, specializing in products like Bhujia, Papad, and various confectioneries. The company operates in the food and beverage sector, focusing on ethnic snacking solutions. Its offerings are distributed across India and internationally, preserving cultural recipes for over 25 years. Operations are supported by a robust infrastructure in Bikaner, India, with an additional presence in the USA.
Who are the top competitors of Bikaji?
Bikaji's top competitors include ReGrained, HA! and Rivalz Snacks.
What products or services does Bikaji offer?
Bikaji offers Bikaneri Bhujia, Bikaneri Papad, and Rasgulla.
Is Bikaji publicly traded?
Yes, Bikaji is publicly traded on NSE under the ticker symbol BIKAJI.
How many acquisitions has Bikaji made?
Bikaji has made 3 acquisitions, including Ariba Foods, Hanuman Agrofood, and Hazelnut Factory.
Who are Bikaji's investors?
Bikaji has 10 investors. Key investors include 360 One, WhiteOak Capital Management, INDO-CITY, Lighthouse Funds, and IIFL Asset Management.
What is Bikaji's ticker symbol?
The ticker symbol of Bikaji is BIKAJI on NSE.
What is Bikaji's valuation?
The valuation of Bikaji is $741.5M as of Jul 2021.
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