About Chutnefy
Chutnefy is a company based in Kanchipuram (India) founded in 2015 by Shreyas Raghav and Prasanna Natarajan.. Chutnefy has raised $1.37 million across 3 funding rounds from investors including Sachika Kumar, Renuka Kumar and Rajat Chakra Credit And Holdings. The company has 28 employees as of April 03, 2024. Chutnefy offers products and services including Coconut Chutney, Peanut Chutney, Spicy Onion Chutney, Tomato Chutney, and Hotel Sambar. Chutnefy operates in a competitive market with competitors including Veeba, Masterchow, Him Shakti, JhaJi Store and Native Milk, among others.
- Headquarter Kanchipuram, India
- Employees 28 as on 03 Apr, 2024
- Founders Shreyas Raghav, Prasanna Natarajan
- Stage Minicorn
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Sectors
ConsumerRetail
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Funk Foods Private Limited
- Date of Incorporation 28 Jan, 2022
- Jurisdiction Chennai, Tamil Nadu, India
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Annual Revenue
$27.62 K (USD)0as on Mar 31, 2023
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Net Profit
$-381.6 K (USD)0as on Mar 31, 2023
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EBITDA
$-279.48 K (USD)0as on Mar 31, 2023
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Total Equity Funding
$1.37 M (USD)
in 3 rounds
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Latest Funding Round
$30.31 K (USD), Angel Round
Mar 02, 2023
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Investors
Rajat Chakra Credit And Holdings
& 3 more
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Employee Count
28
as on Apr 03, 2024
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Products & Services of Chutnefy
Chutnefy offers a comprehensive portfolio of products and services, including Coconut Chutney, Peanut Chutney, Spicy Onion Chutney, Tomato Chutney, and Hotel Sambar. 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.
Ready-to-eat mild chutney for Indian meals
Spicy peanut-based chutney for everyday use
Hot onion chutney suitable for multiple dishes
Medium-spicy tomato chutney for quick meals
Spicy sambar mix for easy Indian cooking
Pre-prepared pongal with chutney and sambar
Ghee-loaded khichdi for simple preparation
Funding Insights of Chutnefy
Chutnefy has successfully raised a total of $1.37M across 3 strategic funding rounds. The most recent funding activity was a Angel Round round of $30.31 thousand completed in March 2023. 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 Angel Round — $30,307
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First Round
First Round
(26 Apr 2022)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2023 | Amount | Angel Round - Chutnefy | Valuation |
investors |
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| Aug, 2022 | Amount | Seed - Chutnefy | Valuation | Rajat Chakra Credit And Holdings | |
| Apr, 2022 | Amount | Angel Round - Chutnefy | Valuation | Sachika Kumar , Renuka Kumar |
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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 Chutnefy
Chutnefy has secured backing from 4 investors, including angel and institutional investors. Prominent investors backing the company include Sachika Kumar, Renuka Kumar and Rajat Chakra Credit And Holdings. 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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Founded Year | Domain | Location | |
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SK
Sachika Kumar |
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Founded Year | Domain | Location |
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RK
Renuka Kumar |
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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 Chutnefy
| 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 - Chutnefy
| 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 |
Chutnefy Comparisons
Competitors of Chutnefy
Chutnefy 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 Veeba, Masterchow, Him Shakti, JhaJi Store and Native Milk, 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 |
Internet first brand of sauces, dips, and other condiment products
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| domain | founded_year | HQ Location |
Multi-category sauces are offered by this internet-first brand.
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| domain | founded_year | HQ Location |
Internet first brand of rice, millets, salt, and spices
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| domain | founded_year | HQ Location |
Homemade achars and chutneys are sold via an online platform.
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| domain | founded_year | HQ Location |
A2 milk and dairy products are delivered via subscription model.
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| domain | founded_year | HQ Location |
Manufacturer of Indian-style hot sauces and spice blends
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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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Frequently Asked Questions about Chutnefy
When was Chutnefy founded?
Chutnefy was founded in 2015 and raised its 1st funding round 7 years after it was founded.
Where is Chutnefy located?
Chutnefy is headquartered in Kanchipuram, India. It is registered at Kanchipuram, Tamil Nadu, India.
Who is the current CEO of Chutnefy?
Prasanna Natarajan is the current CEO of Chutnefy. They have also founded this company.
Is Chutnefy a funded company?
Chutnefy is a funded company, having raised a total of $1.37M across 3 funding rounds to date. The company's 1st funding round was a Angel Round of $601.07K, raised on Apr 26, 2022.
How many employees does Chutnefy have?
As of Apr 03, 2024, the latest employee count at Chutnefy is 28.
What is the annual revenue of Chutnefy?
Annual revenue of Chutnefy is $27.62K as on Mar 31, 2023.
What does Chutnefy do?
Founded in 2015 in Kanchipuram, India, Chutnefy functions as an internet-first entity within the food sector. Products such as peanut chutney, tomato chutney, coriander chutney, beetroot chutney, mint chutney, and mushroom with black garlic chutney are distributed primarily through online channels. Leadership is provided by co-founders Prasanna Natarajan, serving as CEO, and Shreyas Raghav, serving as COO.
Who are the top competitors of Chutnefy?
Chutnefy's top competitors include Veeba, Troovy and Masterchow.
What products or services does Chutnefy offer?
Chutnefy offers Coconut Chutney, Peanut Chutney, Spicy Onion Chutney, Tomato Chutney, and 3 more products and services.
Who are Chutnefy's investors?
Chutnefy has 4 investors. Key investors include Sachika Kumar, Renuka Kumar, Rajat Chakra Credit And Holdings, and Shreyas Raghav.
What is Chutnefy's valuation?
The valuation of Chutnefy is $3.72M as of Mar 2023.
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