About FreshMenu
FreshMenu is a company based in Bengaluru (India) founded in 2014 by Rashmi Daga.. FreshMenu has raised $45.2 million across 8 funding rounds from investors including Lightspeed Venture Partners, Vistra ITCL and Zodius. The company has 702 employees as of April 03, 2024. FreshMenu operates in a competitive market with competitors including Curefoods, Rebel Foods, Biryani By Kilo, Potful and Charcoal Eats, among others.
- Headquarter Bengaluru, India
- Employees 702 as on 03 Apr, 2024
- Founders Rashmi Daga
- 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 Foodvista India Private Limited
- Date of Incorporation 19 Aug, 2014
- Jurisdiction Bangalore South, Karnataka, India
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Annual Revenue
$8.9 M (USD)13.25as on Mar 31, 2023
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Net Profit
$-1.22 M (USD)-92.98as on Mar 31, 2023
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EBITDA
$-1.54 M (USD)-202.62as on Mar 31, 2023
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Total Equity Funding
$45.2 M (USD)
in 8 rounds
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Latest Funding Round
$18.88 M (USD), Series C
Apr 01, 2022
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Investors
Lightspeed Venture Partners
& 11 more
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Employee Count
702
as on Apr 03, 2024
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Founder Team
1 people
Head Team
1 people
Leadership Team
1 people
Software Development Team
1 people
Supply Team
1 people
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Funding Insights of FreshMenu
FreshMenu has successfully raised a total of $45.2M across 8 strategic funding rounds. The most recent funding activity was a Series C round of $18.88 million completed in April 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 8
- Last Round Series C — $18.9M
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First Round
First Round
(08 Dec 2014)
- Investors Count 12
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2022 | Amount | Series C - FreshMenu | Valuation | Florintree , Florintree Solutions LLP | |
| Jan, 2021 | Amount | Series B - FreshMenu | Valuation | Lightspeed Venture Partners |
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| Apr, 2020 | Amount | Series B - FreshMenu | Valuation | Lightspeed India |
| 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 FreshMenu
FreshMenu has secured backing from 12 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Lightspeed Venture Partners, Vistra ITCL and Zodius. 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 services are provided by GrowthStory firm in Bengaluru.
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Founded Year | Domain | Location | |
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Privat equity firm
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Founded Year | Domain | Location | |
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Venture capital investing in innovative companies across global sectors is undertaken by Lightspeed Venture Partners.
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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 FreshMenu
| 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 - FreshMenu
| 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 |
Freshmenu Comparisons
Competitors of FreshMenu
FreshMenu 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 Curefoods, Rebel Foods, Biryani By Kilo, Potful and Charcoal Eats, 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 |
Cloud kitchens are operated and food brands are incubated technologically.
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| domain | founded_year | HQ Location |
Multi-category food products are offered via an internet restaurant platform.
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| domain | founded_year | HQ Location |
Internet first restaurant offering on demand food delivery for consumers
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| domain | founded_year | HQ Location |
On-demand food products are provided by an internet-first restaurant.
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| domain | founded_year | HQ Location |
Cloud-based restaurant services are operated via mobile app in Mumbai.
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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 Freshmenu
Frequently Asked Questions about FreshMenu
When was FreshMenu founded?
FreshMenu was founded in 2014.
Where is FreshMenu located?
FreshMenu is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Who is the current CEO of FreshMenu?
Rashmi Daga is the current CEO of FreshMenu. They have also founded this company.
Is FreshMenu a funded company?
FreshMenu is a funded company, having raised a total of $45.2M across 8 funding rounds to date. The company's 1st funding round was a Series B of $394.44K, raised on Dec 08, 2014.
How many employees does FreshMenu have?
As of Apr 03, 2024, the latest employee count at FreshMenu is 702.
What is the annual revenue of FreshMenu?
Annual revenue of FreshMenu is $8.9M as on Mar 31, 2023.
What does FreshMenu do?
FreshMenu was founded in 2014 in Bengaluru, India, within the food delivery sector. Various meals, including bowls, thalis, sandwiches, desserts, breakfasts, burgers, rolls, biryanis, sides, and beverages, are offered through the platform. Orders can be live-tracked or scheduled by customers. A mobile application is provided for Android and iOS devices to facilitate access and operations.
Who are the top competitors of FreshMenu?
FreshMenu's top competitors include Curefoods, Rebel Foods and Biryani By Kilo.
Who are FreshMenu's investors?
FreshMenu has 12 investors. Key investors include Lightspeed Venture Partners, Vistra ITCL, Zodius, Lightspeed India, and Florintree.
What is FreshMenu's valuation?
The valuation of FreshMenu is $27.47M as of Apr 2022.
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