About Cornitos
Cornitos is a company based in Faridabad (India) founded in 2009 by Vikram Agarwal. It operates as a Direct-to-Consumer (D2C), and Reseller / Distribution. Cornitos has raised $361.95 thousand across 2 funding rounds from investors including PMC Fincorp, Anubhav Infrastructure and Madonis Vyapar. The company has 328 employees as of November 23, 2024. Cornitos offers products and services including Nachos Crisps, Taco Shells, and Dips. Cornitos operates in a competitive market with competitors including Mondelez International, Yoga Bar, True Elements, Yellow Diamond and Haldiram Foods International, among others.
- Headquarter Faridabad, India
- Employees 328 as on 23 Nov, 2024
- Founders Vikram Agarwal
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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 Greendot Health Foods Pvt. Ltd.
- Date of Incorporation 29 Oct, 1986
- Jurisdiction New Delhi, Delhi, India
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Annual Revenue
$13.29 M (USD)8.42as on Mar 31, 2023
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Net Profit
$-262.9 K (USD)-227.37as on Mar 31, 2023
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EBITDA
$152.52 K (USD)-88.63as on Mar 31, 2023
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Total Equity Funding
$361.95 K (USD)
in 2 rounds
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Latest Funding Round
$111.37 K (USD), Seed
Mar 31, 2010
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Investors
PMC Fincorp
& 9 more
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Employee Count
328
as on Nov 23, 2024
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Products & Services of Cornitos
Cornitos offers a comprehensive portfolio of products and services, including Nachos Crisps, Taco Shells, and Dips. 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.
Corn-based nachos are offered for crispy snacking experiences.
Taco shells are provided for Mexican-style meal preparation.
Various dips are made to complement snack products.
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Funding Insights of Cornitos
Cornitos has successfully raised a total of $361.95K across 2 strategic funding rounds. The most recent funding activity was a Seed round of $111.37 thousand completed in March 2010. 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 2
- Last Round Seed — $111,371
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First Round
First Round
(09 Mar 2009)
- Investors Count 10
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2010 | Amount | Seed - Cornitos | Valuation | Madonis Vyapar | |
| Mar, 2009 | Amount | Seed - Cornitos | Valuation | Shree Pati Rasayan Udyog , PMC Fincorp |
| 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 Cornitos
Cornitos has secured backing from 10 investors, including institutional and angel investors. Prominent investors backing the company include PMC Fincorp, Anubhav Infrastructure and Madonis Vyapar. 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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House goods are wholesaled by Madonis Vyapar in Kolkata.
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Founded Year | Domain | Location | |
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Provider of brokerage services for buying, selling, and renting diversified properties
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Founded Year | Domain | Location | |
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Infrastructure development is conducted in Howrah, India, since 2006.
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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 Cornitos
| 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 - Cornitos
| 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 |
Cornitos Comparisons
Competitors of Cornitos
Cornitos 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 Mondelez International, Yoga Bar, True Elements, Yellow Diamond and Haldiram Foods International, 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 |
Multi-category convenience foods are produced and distributed globally.
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| domain | founded_year | HQ Location |
Protein-based food products are offered via an online platform.
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| domain | founded_year | HQ Location |
Health snacks and supplements are manufactured and marketed.
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| domain | founded_year | HQ Location |
Manufactures and sells package snacks like chips, savouries and puffs
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| domain | founded_year | HQ Location |
Offers traditional Indian sweets, namkeen, dry fruits, and beverages for online purchase and delivery.
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| domain | founded_year | HQ Location |
Vegetarian snacks, sweets, beverages, and ready-to-eat meals are offered online.
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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 Cornitos
Frequently Asked Questions about Cornitos
When was Cornitos founded?
Cornitos was founded in 2009.
Where is Cornitos located?
Cornitos is headquartered in Faridabad, India. It is registered at Faridabad, Haryana, India.
Is Cornitos a funded company?
Cornitos is a funded company, having raised a total of $361.95K across 2 funding rounds to date. The company's 1st funding round was a Seed of $250.58K, raised on Mar 09, 2009.
How many employees does Cornitos have?
As of Nov 23, 2024, the latest employee count at Cornitos is 328.
What is the annual revenue of Cornitos?
Annual revenue of Cornitos is $13.29M as on Mar 31, 2023.
What does Cornitos do?
Cornitos, operated by Greendot Health Foods Pvt. Ltd., is focused on the production of corn-based snacks such as nachos, taco shells, and tortilla wraps. A variety of dips and Mexican delights are also offered to complement their snack range. The company emphasizes gluten-free and cholesterol-free products made with natural ingredients. Their operations cater to both domestic and international markets, with a focus on innovative and healthy snacking solutions in the food and beverage sector.
Who are the top competitors of Cornitos?
Cornitos's top competitors include Yoga Bar, Lo! Foods and Yellow Diamond.
What products or services does Cornitos offer?
Cornitos offers Nachos Crisps, Taco Shells, and Dips.
Who are Cornitos's investors?
Cornitos has 10 investors. Key investors include PMC Fincorp, Anubhav Infrastructure, Madonis Vyapar, Maa Jagdamba Nirman, and Cosmat Vinamay.
What is Cornitos's valuation?
The valuation of Cornitos is $964.47K as of Mar 2010.