About Candor Foods
Candor Foods is a company based in Mumbai (India) founded in 2013 by Yash Gawdi.. Candor Foods has raised $6.09 million across 1 funding round from investors including O'AgriFarm. The company has 78 employees as of March 31, 2024. Candor Foods offers products and services including Manufacturing Services and Packaging Services. Candor Foods operates in a competitive market with competitors including Cavinkare, Chings Secret, Adukale, BambinoAgro and Meal of the Moment, among others.
- Headquarter Mumbai, India
- Employees 78 as on 31 Mar, 2024
- Founders Yash Gawdi
- Stage Minicorn
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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
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- Legal Name Candor Foods Pvt. Ltd.
- Jurisdiction Thane, Maharashtra, India
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Annual Revenue
$19.04 M (USD)27.47as on Mar 31, 2023
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Net Profit
$-383 K (USD)-56.75as on Mar 31, 2023
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EBITDA
$-690.49 K (USD)-508.51as on Mar 31, 2023
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Total Equity Funding
$6.09 M (USD)
in 1 rounds
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Latest Funding Round
$6.09 M (USD), Series A
Dec 08, 2022
- Investors
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Employee Count
78
as on Mar 31, 2024
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Products & Services of Candor Foods
Candor Foods offers a comprehensive portfolio of products and services, including Manufacturing Services and Packaging Services. 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.
Offers scalable manufacturing for health food products
Provides tailored packaging solutions for brands
Funding Insights of Candor Foods
Candor Foods has successfully raised a total of $6.09M through 1 strategic funding round. The most recent funding activity was a Series A round of $6.09 million completed in December 2022. 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 1
- Last Round Series A — $6.1M
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First Round
First Round
(08 Dec 2022)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2022 | Amount | Series A - Candor Foods | Valuation | O'AgriFarm |
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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 Candor Foods
Candor Foods has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include O'AgriFarm. 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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Provider of agriculture fulfillment and financing platform
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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 Candor Foods
| 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.
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2016 |
Financial Statements - Candor 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 |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Candor Foods Comparisons
Competitors of Candor Foods
Candor 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 Cavinkare, Chings Secret, Adukale, BambinoAgro and Meal of the Moment, 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 |
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| domain | founded_year | HQ Location |
Multicategory convenience food products are offered as an internet-first brand.
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| domain | founded_year | HQ Location |
Private label brand for Indo-Chinese fusion food
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| domain | founded_year | HQ Location |
Snacks are branded and distributed by Adukale in India.
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| domain | founded_year | HQ Location |
Food products are manufactured and supplied, specializing in pasta.
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| domain | founded_year | HQ Location |
Ready-to-eat Indian snacks and meals are provided by the brand.
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| domain | founded_year | HQ Location |
Manufactures and operates as a private label brand for processed packaged foods.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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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Frequently Asked Questions about Candor Foods
When was Candor Foods founded?
Candor Foods was founded in 2013 and raised its 1st funding round 9 years after it was founded.
Where is Candor Foods located?
Candor Foods is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Who is the current CEO of Candor Foods?
Yash Gawdi is the current CEO of Candor Foods. They have also founded this company.
Is Candor Foods a funded company?
Candor Foods is a funded company, having raised a total of $6.09M across 1 funding round to date. The company's 1st funding round was a Series A of $6.09M, raised on Dec 08, 2022.
How many employees does Candor Foods have?
As of Mar 31, 2024, the latest employee count at Candor Foods is 78.
What is the annual revenue of Candor Foods?
Annual revenue of Candor Foods is $19.04M as on Mar 31, 2023.
What does Candor Foods do?
Candor Foods was established in 2013 in Mumbai, India. Operations focus on the food processing sector, where dry fruits, dates, and nuts are manufactured and processed. Services are extended to provide these products through dedicated facilities. The company is led by founder Yash Gawdi as CEO, with activities centered in the Indian market.
Who are the top competitors of Candor Foods?
Candor Foods's top competitors include Cavinkare, Chings Secret and BambinoAgro.
What products or services does Candor Foods offer?
Candor Foods offers Manufacturing Services and Packaging Services.
Who are Candor Foods's investors?
Candor Foods has 1 investor. Key investors include O'AgriFarm.
What is Candor Foods's valuation?
The valuation of Candor Foods is $11.95M as of Dec 2022.
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