About GO DESi
GO DESi is a company based in Bengaluru (India) founded in 2016 by Raksha Kothari and Vinay Kothari.. GO DESi has raised $14.37 million across 6 funding rounds from investors including Amazon, Angel List and Wellfound. The company has 199 employees as of April 07, 2024. GO DESi offers products and services including DESi POPz, DESi Meetha, DESi Bytes, DESi Mints, and DESI COMBOS. GO DESi operates in a competitive market with competitors including The Hershey Company, The Good Stuff, Italian Edibles, NYRA and Rasrasna Foods, among others.
- Headquarter Bengaluru, India
- Employees 199 as on 07 Apr, 2024
- Founders Raksha Kothari, Vinay Kothari
- 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 Godesi Mandi Private Limited
- Date of Incorporation 18 Jan, 2018
- Jurisdiction Bangalore, Karnataka, India
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Annual Revenue
$1.97 M (USD)84.15as on Mar 31, 2022
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Net Profit
$-334.85 K (USD)-130.28as on Mar 31, 2022
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EBITDA
$-345.55 K (USD)-125.43as on Mar 31, 2022
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Total Equity Funding
$14.37 M (USD)
in 6 rounds
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Latest Funding Round
$4.9 M (USD), Series B
Apr 23, 2024
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Investors
Amazon
& 34 more
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Employee Count
199
as on Apr 07, 2024
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Products & Services of GO DESi
GO DESi offers a comprehensive portfolio of products and services, including DESi POPz, DESi Meetha, DESi Bytes, DESi Mints, and DESI COMBOS. 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.
Handmade lollipops with natural flavors like tamarind.
Traditional Indian sweets without refined sugar.
All-day snacks made from sun-dried natural ingredients.
Refreshment mints for on-the-go use.
Combo packs of snacks and sweets for gifting.
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Funding Insights of GO DESi
GO DESi has successfully raised a total of $14.37M across 6 strategic funding rounds. The most recent funding activity was a Series B round of $4.9 million completed in April 2024. 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 6
- Last Round Series B — $4.9M
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First Round
First Round
(27 Sep 2018)
- Investors Count 35
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2024 | Amount | Series B - GO DESi | Valuation | Aavishkaar Capital | |
| Sep, 2022 | Amount | Grant - GO DESi | Valuation |
investors |
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| Jun, 2022 | Amount | Series A - GO DESi | Valuation | Roots Ventures |
| 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 GO DESi
GO DESi has secured backing from 35 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Amazon, Angel List and Wellfound. 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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Early-stage investment in consumer brands, focusing on bold ideas and founders.
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Founded Year | Domain | Location | |
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Early-stage venture capital investments conducted in a sector-agnostic manner.
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Founded Year | Domain | Location | |
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Investing in and supporting insurgent consumer brands in India and Southeast Asia.
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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 GO DESi
| 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 - GO DESi
| 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 |
Go Desi Comparisons
Competitors of GO DESi
GO DESi 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 The Hershey Company, The Good Stuff, Italian Edibles, NYRA and Rasrasna Foods, 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 |
Confectionery products including chocolates and snacks are manufactured and distributed.
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| domain | founded_year | HQ Location |
Brand of chocolates and confectionary
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| domain | founded_year | HQ Location |
Various confectionery products are manufactured by Italian Edibles Limited.
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| domain | founded_year | HQ Location |
Produces and sells affordable candies, toffees, and chocolates using advanced technology.
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| domain | founded_year | HQ Location |
Produces premium Indian sweets like Rasgulla and offers bulk packing services.
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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 Go Desi
Frequently Asked Questions about GO DESi
When was GO DESi founded?
GO DESi was founded in 2016 and raised its 1st funding round 2 years after it was founded.
Where is GO DESi located?
GO DESi is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Who is the current CEO of GO DESi?
Vinay Kothari is the current CEO of GO DESi. They have also founded this company.
Is GO DESi a funded company?
GO DESi is a funded company, having raised a total of $14.37M across 6 funding rounds to date. The company's 1st funding round was a Series A of $8.28M, raised on Sep 27, 2018.
How many employees does GO DESi have?
As of Apr 07, 2024, the latest employee count at GO DESi is 199.
What is the annual revenue of GO DESi?
Annual revenue of GO DESi is $1.97M as on Mar 31, 2022.
What does GO DESi do?
GO DESi was established in 2016 in Bengaluru, India, as an internet-first brand in the packaged food sector. Traditional Indian snacks, including imlipop, lemon chaat, amla and banana bites, and ginger kashaya, are distributed through online channels. Regional flavors, tastes, and formats are incorporated into the product lineup, with operations focused on the Indian market.
Who are the top competitors of GO DESi?
GO DESi's top competitors include The Hershey Company, Italian Edibles and The Good Stuff.
What products or services does GO DESi offer?
GO DESi offers DESi POPz, DESi Meetha, DESi Bytes, DESi Mints, and DESI COMBOS.
Who are GO DESi's investors?
GO DESi has 35 investors. Key investors include Amazon, Angel List, Wellfound, Koenig Solutions, and Vistra ITCL.
What is GO DESi's valuation?
The valuation of GO DESi is $17.55M as of Apr 2024.
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