About Daawat
Daawat is a company based in Gurugram (India) founded in 1998 by Vijay Kumar Arora.. The company has 1,193 employees as of September 08, 2024. Daawat operates in a competitive market with competitors including Kohinoor Foods, Radikal, Sarveshwar, Bush Foods Overseas and Vajrateja, among others.
- Headquarter Gurugram, India
- Employees 1193 as on 08 Sep, 2024
- Founders Vijay Kumar Arora
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Sectors
Consumer
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Lt Foods Limited
- Date of Incorporation 16 Oct, 1990
- Jurisdiction New Delhi, Delhi, India
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Annual Revenue
$839.1 M (USD)28.04as on Mar 31, 2023
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Net Profit
$50.83 M (USD)36.72as on Mar 31, 2023
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EBITDA
$84.25 M (USD)25.31as on Mar 31, 2023
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Latest Funding Round
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Investors
SALIC
& 1 more
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Employee Count
1193
as on Sep 08, 2024
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Funding Insights of Daawat
- Total Funding Total Funding
- Total Rounds 2
- Last Round Last Round
- First Round First Round
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2020 | Amount | Private Equity Round - Daawat | Valuation | SALIC |
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| Dec, 2009 | Amount | Private Equity Round - Daawat | Valuation |
investors |
| 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 Daawat
Daawat has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include SALIC and Rabo Equity Advisors. 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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Investment and finance are provided for agriculture and livestock sectors.
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Founded Year | Domain | Location | |
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Manages diversified investment funds and portfolios for clients.
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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 Daawat
| 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 - Daawat
| 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 |
Daawat Comparisons
Competitors of Daawat
Daawat 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 Kohinoor Foods, Radikal, Sarveshwar, Bush Foods Overseas and Vajrateja, 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 |
Basmati rice, ready-to-eat meals, and frozen foods are manufactured.
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| domain | founded_year | HQ Location |
Processed Basmati rice products are manufactured in Delhi.
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| domain | founded_year | HQ Location |
Various Basmati rice types are provided to customers.
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| domain | founded_year | HQ Location |
Rice producer and seller
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| domain | founded_year | HQ Location |
Manufactures and supplies premium rice varieties with modern technology in Telangana region.
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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 Daawat
Frequently Asked Questions about Daawat
When was Daawat founded?
Daawat was founded in 1998 and raised its 1st funding round 11 years after it was founded.
Where is Daawat located?
Daawat is headquartered in Gurugram, India. It is registered at Gurugram, Haryana, India.
How many employees does Daawat have?
As of Sep 08, 2024, the latest employee count at Daawat is 1,193.
What is the annual revenue of Daawat?
Annual revenue of Daawat is $839.1M as on Mar 31, 2023.
What does Daawat do?
Daawat was established in 1998 in Gurugram, India, as a basmati rice manufacturer within the food sector. Products are produced and supplied through online retailers, organized retail outlets, and independent stores. Availability extends to 60 countries globally, with operations focused on rice processing and international distribution. The company was founded by Vijay Kumar Arora.
Who are the top competitors of Daawat?
Daawat's top competitors include Kohinoor Foods, Sarveshwar and GRM Rice.
Who are Daawat's investors?
Daawat has 2 investors. Key investors include SALIC, and Rabo Equity Advisors.