About Busago
Busago is a Consumer company based in Mumbai (India) founded in 2000 by Mithu Alur and Nikhil Chib. Food is ordered online via Busagos platform in Mumbai regions. Busago has raised $548.55 thousand across 3 funding rounds from investors including Pactolus Ventures. Busago was last valued at $2.49 million in July 2017. Its chief executive, as recorded, is Nedurumalli Ashok Kumar. Its Indian entity Busabong & Co. Private Limited reported revenue of ₹3.20 Cr. Its focus areas include Food and Agriculture Tech, Food Tech, Internet First Restaurant and OnDemand. Its competitors include Curefoods, Rebel Foods and Biryani By Kilo; 3 of its 3 listed competitors have raised funding.
Company details
Busago was founded in 2000 as an online platform for food ordering in the food delivery sector. A variety of menu items, including vegetarian and non-vegetarian meals, starters, salads, stir-fries, bowls, curries, desserts, rice, beverages, and add-ons, is offered. Deliveries are handled in Mumbai, Navi Mumbai, and Thane areas of India, with operations based in Mumbai. Leadership includes co-founders Mithu Alur and Nikhil Chib, alongside CEO Nedurumalli Ashok Kumar.
- Headquarters Mumbai, India
- Founders Mithu Alur, Nikhil Chib
- Stage Minicorn
- SectorsConsumer
- Email••••••••
- Phone•••• ••••
- Website busago.com
- Social LinkedIn X
- Legal Name Busabong & Co. Private Limited
- Date of Incorporation 14 Nov, 2000
- Jurisdiction Mumbai, Maharashtra, India
- Annual Revenue₹3.20 Cr
FY 2024 · -2% YoY
- Net Loss-₹4.8 Lakh
FY 2024 · -2% margin
- EBITDA-₹1.3 Lakh
FY 2024 · 0% margin
- Total Equity Funding$548.55K (USD)
in 3 rounds
- Latest Funding Round$324.5K (USD), Seed
Jul 2017
- Investors
Associated legal entities of Busago
Busago operates through Busabong & Co. Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Busabong & Co. Private Limited CIN U55101MH2000PTC129574 | Active | 14 Nov 2000 | Mumbai, Maharashtra | ₹3.2 Cr | 1 | 3 | View details |
Funding Insights of Busago
Busago has successfully raised a total of $548.55K across 3 strategic funding rounds. The most recent funding activity was a Seed round of $324.5 thousand completed in July 2017. 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 $548,554
- Total Rounds 3
- Last Round Seed — $324,502
- First Round $224,052
(Aug 2016)
- Investors Count 1
All 3 funding rounds of Busago 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 |
|---|---|---|---|---|---|
| Jul 2017 | $324,502 | Seed | $2.49M | Pactolus Ventures | – |
| Dec 2016 | Seed | – | – | – | |
| Aug 2016 | $224,052 | Seed | $2.09M | Pactolus Ventures | – |
| Date | Valuation | Stage |
|---|---|---|
| Jul 2017 | $2.49M | •••••••• |
| Aug 2016 | $2.09M | •••••••• |
Last known valuation $2.49M (Jul 2017). 1 investors in total: 1 institutional.
Investors in Busago
Busago has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Pactolus Ventures.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Early-stage capital is provided to startups by Pactolus Ventures. | pactolusventures.com | Boulder, United States |
Investor details for Busago
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
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Verified entity values are shown only after access is granted.
Board of directors of Busabong & Co. Private Limited (Busago)
Busabong & Co. Private Limited is the primary company behind Busago. The board of Busabong & Co. Private Limited currently have 3 directors; the longest-serving is Saumyendra Mehra, appointed in 2016. 6 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Saumyendra Mehra DIN 07043155 | Director | 30 Sep 2016 | 10 yrs 1 mo | Busabong & Co. Private Limited |
| Anand Singh DIN 08702542 | Director | 18 Feb 2020 | 6 yrs 8 mo | Busabong & Co. Private Limited |
| Shanti DIN 09164833 | Additional Director | 04 May 2021 | 5 yrs 6 mo | Busabong & Co. Private Limited |
People of Busago
3 people are tracked at Busago (3 in leadership).
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership | |
Nikhil Chib | Co-Founder | Leadership |
Nedurumalli Ashok Kumar | CEO & MD | Leadership |
Complete people profiles for Busago
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of Busago
Figures of Busabong & Co. Private Limited, the primary company behind Busago, for FY 2024. Revenue was ₹3.20 Cr (-2% year on year). Net loss was -₹4.8 Lakh (-2% margin). EBITDA was -₹1.3 Lakh (0% margin). Revenue has grown at a compounded annual rate of +10% over three years and -18% over five years.
- ₹3.20 CrRevenue · FY 2024 · -2% YoY
- -₹4.8 LakhNet loss · -2% margin
- -₹1.3 LakhEBITDA · 0% margin
- ₹1.28 CrPaid-up capital
- 1Employees (provident fund records)
- +10%Revenue CAGR, 3 years
- -18%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Busabong & Co. Private Limited are on its company page.
Detailed financial statements for Busago
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
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- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of Busago
4 dated milestones of Busago across 17 years, from founding to its latest funding, stage changes and deals.
- Founded Busago is founded.
- Funding First funding round of $224K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Seed, of $325K.
Competitors of Busago
Busago has 3 listed competitors in our database, 3 of them funded. They include Curefoods, Rebel Foods and Biryani By Kilo.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| curefoods.in | 2020 | Bengaluru, India | $174.75M | 3,156 | Cloud kitchens are operated and food brands are incubated technologically. | |
| rebelfoods.com | 2010 | Mumbai, India | $693.05M | 6,445 | Multi-category food products are offered via an internet restaurant platform. | |
| biryanibykilo.com | 2015 | Gurugram, India | $65.1M | 1,750 | Internet first restaurant offering on demand food delivery for consumers |
Detailed competitors of Busago
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
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- Competitive positioning
Verified entity values are shown only after access is granted.
Top companies in Food & Beverage Platforms
3 companies that operate in the same segment as Busago (Food & Beverage Platforms) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Online platform food ordering and delivery service | 2008 | Gurugram, Haryana, India | USD 1.69 B | USD 5.94 B | 6,750 | |
Food and grocery items are ordered via an online network. | 2014 | Bengaluru, Karnataka, India | USD 3.54 B | USD 2.51 B | 4,488 | |
Online platform offering discovery of local deals, experiences, and rewards | 2015 | Gurugram, Haryana, India | USD 105.82 M | USD 37.82 M | 414 |
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Related news about Busago
Complete news archive for Busago
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Frequently Asked Questions about Busago
Busago was founded in 2000 and raised its 1st funding round 16 years after it was founded.
Busago is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Nedurumalli Ashok Kumar is the CEO of Busago, as recorded in our data.
Busago is a funded company, having raised a total of $548.55K across 3 funding rounds to date. The company's 1st funding round was a Seed of $224.05K, raised on Aug 2016.
The primary company behind Busago, Busabong & Co. Private Limited, reported revenue of ₹3.20 Cr for FY 2024, down 2% year on year.
Busago was founded in 2000 as an online platform for food ordering in the food delivery sector. A variety of menu items, including vegetarian and non-vegetarian meals, starters, salads, stir-fries, bowls, curries, desserts, rice, beverages, and add-ons, is offered. Deliveries are handled in Mumbai, Navi Mumbai, and Thane areas of India, with operations based in Mumbai. Leadership includes co-founders Mithu Alur and Nikhil Chib, alongside CEO Nedurumalli Ashok Kumar.
Busago's top competitors include Curefoods, Rebel Foods and Biryani By Kilo.
Busago has 1 investor. Key investors include Pactolus Ventures.
The valuation of Busago is $2.49M as of Jul 2017.
Busago operates through Busabong & Co. Private Limited.
The legal entities of Busago currently have 3 directors, including Saumyendra Mehra, Anand Singh, Shanti.