Chef's Basket

Mumbai, India Founded: 2012 • Age: 14 yrs Minicorn Acquired By Weikfield
Ready-to-eat pasta and sauces are supplied online by Chefs Basket.

About Chef's Basket

Chef's Basket is a Consumer company based in Mumbai (India) founded in 2012, and was acquired by Weikfield in June 2019. Ready-to-eat pasta and sauces are supplied online by Chefs Basket. Chef's Basket has raised $7.79 million across 4 funding rounds from investors including HT Media, Weikfield and Trifecta Capital. The company has 10 employees. Chef's Basket was last valued at $24.27 million in November 2016. Its Indian entity Fizzy Foodlabs Private Limited reported revenue of β‚Ή3.48 Cr. Its focus areas include Food and Agriculture, Food & Beverage Products, Convenience Foods and Ready to Eat Meals. Its competitors include ID Fresh Food, Tasty Bite and VEGOLUTION; 3 of its 3 listed competitors have raised funding.

Company details

Chefs Basket was established in 2012 in Mumbai, India, within the food sector. Operations focus on an internet-first model for ready-to-eat meal products, primarily pasta varieties like fusilli and macaroni made from durum wheat semolina, alongside sauces. Supplies are extended to the hospitality industry and individual consumers, supporting both bulk and retail needs in the region.

Key Metrics
  • Annual Revenue
    ₹3.48 Cr

    FY 2019 · -62% YoY

  • Net Loss
    -₹10.45 Cr

    FY 2019 · -300% margin

  • EBITDA
    -₹9.17 Cr

    FY 2019 · -263% margin

  • Total Equity Funding
    $7.79M (USD)

    in 4 rounds

  • Latest Funding Round
    $735.5K (USD), Debt – Venture

    Dec 2016

  • Investors
    HT Media

    & 22 more

  • Employee Count
    10
  • Acquired by
    Weikfield

    (Jun 2019)

Funding Insights of Chef's Basket

Chef's Basket has successfully raised a total of $7.79M across 4 strategic funding rounds. The most recent funding activity was a Debt – Venture round of $735.5 thousand completed in December 2016. 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 $7.79M
  • Total Rounds 4
  • Last Round Debt – Venture β€” $735,495
  • First Round $455,841

    (Oct 2014)

  • Investors Count 22

All 4 funding rounds of Chefs Basket with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.

DateAmountTransaction NameValuationLead InvestorsInvestors
Dec 2016$735,495Debt – Venture––
Nov 2016$1.33MSeries A$24.27MHT Media
Sep 2015$6MSeries A$23.18MElevation Capital
Oct 2014$455,841Angel Round$β€’β€’β€’β€’β€’Haresh Chawla, Haresh Ram Chawla
Valuation history
DateValuationStage
Nov 2016$24.27Mβ€’β€’β€’β€’β€’β€’β€’β€’
Sep 2015$23.18Mβ€’β€’β€’β€’β€’β€’β€’β€’
Oct 2014$β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’
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Full valuation and stage history of Chefs Basket

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Last known valuation $24.27M (Nov 2016). 23 investors in total: 4 institutional and 19 angel.

Investors in Chef's Basket

Chef's Basket has secured backing from 23 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include HT Media, Weikfield and Trifecta Capital.

All
Venture Fund
Institutional
Angel
InvestorDescriptionFounded YearDomainLocation
Private debt and equity funds are managed for technology sectors.
trifectacapital.inGurugram, India
Elevation Capital is focused on early-stage tech investments in India.
elevationcapital.comDelhi, India
Print, digital, and radio media platforms are operated.
1924htmedia.inDelhi, India

Haresh Ram Chawla

unknown_ded23156a0eb45e69

Sumit Maniyar

Founder of Rupeek, fintech innovator, active angel investor in Indian startups
unknown_52a38b63f20144159

Shubham Choudhary

unknown_b06671d9e36c47f0a

Vibhav Gupta

unknown_6f6eb1c01966465fa

Varun Bhalla

unknown_2a215f8e4c364e118

Pushpa Devi Jhawar

unknown_4026b41343144637a

Sheshlok Samal

unknown_0b17821b4e6e4e188
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Investor details for Chefs Basket

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Board of directors of Fizzy Foodlabs Private Limited (Chef's Basket)

Fizzy Foodlabs Private Limited is the primary company behind Chef's Basket. The board of Fizzy Foodlabs Private Limited currently have 2 directors; the longest-serving is Nipun Katyal, appointed in 2012. 2 earlier directors have ceased.

DirectorDesignationAppointedTenureEntity
Nipun Katyal
DIN 05250726
Director06 Aug 201214 yrs 2 moFizzy Foodlabs Private Limited
Varun Jhawar
DIN 05221769
Director06 Aug 201214 yrs 2 moFizzy Foodlabs Private Limited

Financials of Chef's Basket

Figures of Fizzy Foodlabs Private Limited, the primary company behind Chef's Basket, for FY 2019. Revenue was ₹3.48 Cr (-62% year on year). Net loss was -₹10.45 Cr (-300% margin). EBITDA was -₹9.17 Cr (-263% margin). Revenue has grown at a compounded annual rate of -23% over three years and +60% over five years.

  • ₹3.48 CrRevenue · FY 2019 · -62% YoY
  • -₹10.45 CrNet loss · -300% margin
  • -₹9.17 CrEBITDA · -263% margin
  • ₹1.11 CrPaid-up capital
  • 10Employees (provident fund records)
  • -23%Revenue CAGR, 3 years
  • +60%Revenue CAGR, 5 years

Balance sheet, profit and loss, cash flow and ratios of Fizzy Foodlabs Private Limited are on its company page.

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Detailed financial statements for Chef's Basket

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Timeline of Chef's Basket

5 dated milestones of Chef's Basket across 7 years, from founding to its latest funding, stage changes and deals.

  1. Founded Chef's Basket is founded.
  2. Funding First funding round of $456K.
  3. Milestone Reaches Minicorn status.
  4. Funding Latest funding round, Debt – Venture, of $735K.
  5. Exit Acquired by Weikfield.

Competitors of Chef's Basket

Chef's Basket has 3 listed competitors in our database, 3 of them funded. They include ID Fresh Food, Tasty Bite and VEGOLUTION.

Company NameDomainFoundedHQ LocationTotal fundingEmployeesDescription
idfreshfood.com2005Bengaluru, India$119.77M
Ready-to-cook wholesome food products are provided by ID Fresh Food.
tastybite.com1985Pune, India$7.5M257
Packaged, ready to cook food for Indian and south Asian cuisine
veg-olution.com2019Bengaluru, India$3.83M32
Versatile and nutritious protein-first vegetarian foods are produced.
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Detailed competitors of Chefs Basket

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Top companies in Food & Beverage Products & Processing

3 companies that operate in the same segment as Chef's Basket (Food & Beverage Products & Processing) in India, ranked by their profile score on The Company Check.

CompanyDescriptionFoundedLocationTotal fundingRevenueEmployees
Platform offering a subscription-based delivery service for fresh milk and groceries
2015Gurugram, Haryana, IndiaUSD 228.42 MUSD 99.78 M3,464
Subscription-based coffee products are offered by an internet-first brand.
2013Gurugram, Haryana, IndiaUSD 112.84 MUSD 25.83 M2,059
Meat and seafood products are delivered via an online platform.
2015Bengaluru, Karnataka, IndiaUSD 564.84 MUSD 97.26 M2,828
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Related news about Chef's Basket

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Frequently Asked Questions about Chef's Basket

Chef's Basket was founded in 2012 and raised its 1st funding round 2 years after it was founded.

Chef's Basket is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.

Chef's Basket is a funded company, having raised a total of $7.79M across 4 funding rounds to date. The company's 1st funding round was a Angel Round of $455.84K, raised on Oct 2014.

Chef's Basket has 10 employees.

The primary company behind Chef's Basket, Fizzy Foodlabs Private Limited, reported revenue of β‚Ή3.48 Cr for FY 2019, down 62% year on year.

Chefs Basket was established in 2012 in Mumbai, India, within the food sector. Operations focus on an internet-first model for ready-to-eat meal products, primarily pasta varieties like fusilli and macaroni made from durum wheat semolina, alongside sauces. Supplies are extended to the hospitality industry and individual consumers, supporting both bulk and retail needs in the region.

Chef's Basket's top competitors include ID Fresh Food, Tasty Bite and VEGOLUTION.

Chef's Basket has 23 investors. Key investors include HT Media, Weikfield, Trifecta Capital, Elevation Capital, and Haresh Ram Chawla.

The valuation of Chef's Basket is $24.27M as of Nov 2016.

Chef's Basket operates through Fizzy Foodlabs Private Limited.

Yes. Chef's Basket was acquired by Weikfield in June 2019.

The legal entities of Chef's Basket currently have 2 directors, including Nipun Katyal, Varun Jhawar.

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