About Harmony Foods
Harmony Foods is a company based in Visakhapatnam (India) founded in 2004.. Harmony Foods has raised $2.22 million across 3 funding rounds from investors including Suresh Kumar Maheshwari, Virat Maheshwari and Dilip Maheshwari. The company has 77 employees as of April 07, 2024. Harmony Foods offers products and services including Wheat Germ, Premium Sharbat Atta, E-Fresh Premium Dalia, E-Fresh Premium Sooji, and E-Fresh Premium Maida. Harmony Foods operates in a competitive market with competitors including Floryo, Him Shakti, TWF Flours, Better Alt and Chakkizza, among others.
- Headquarter Visakhapatnam, India
- Employees 77 as on 07 Apr, 2024
- 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 Harmony Foods Private Limited
- Date of Incorporation 05 Aug, 2004
- Jurisdiction Guwahati, Assam, India
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Annual Revenue
$42.81 M (USD)28.12as on Mar 31, 2023
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Net Profit
$1.4 M (USD)67.17as on Mar 31, 2023
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EBITDA
$2.32 M (USD)57.91as on Mar 31, 2023
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Total Equity Funding
$2.22 M (USD)
in 3 rounds
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Latest Funding Round
$415.3 K (USD), Angel Round
Mar 16, 2016
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Investors
Rainbow Dealcom
& 17 more
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Employee Count
77
as on Apr 07, 2024
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Products & Services of Harmony Foods
Harmony Foods offers a comprehensive portfolio of products and services, including Wheat Germ, Premium Sharbat Atta, E-Fresh Premium Dalia, E-Fresh Premium Sooji, and E-Fresh Premium Maida. 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.
Nutrient-rich wheat derivative for health and nutrition.
High-quality wheat flour for daily baking needs.
Processed dalia for wholesome meals and breakfast.
Fine sooji for cooking and baking purposes.
Refined flour for various food preparations.
Funding Insights of Harmony Foods
Harmony Foods has successfully raised a total of $2.22M across 3 strategic funding rounds. The most recent funding activity was a Angel Round round of $415.3 thousand completed in March 2016. 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 — $415,304
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First Round
First Round
(13 Feb 2007)
- Investors Count 18
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2016 | Amount | Angel Round - Harmony Foods | Valuation | Suresh Kumar Maheshwari | |
| Aug, 2009 | Amount | Seed - Harmony Foods | Valuation | Dugad Agro Foods | |
| Feb, 2007 | Amount | Seed - Harmony Foods | Valuation | Paradise In Trade , Rukminimercantiles |
| 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 Harmony Foods
Harmony Foods has secured backing from 18 investors, including angel and institutional investors. Prominent investors backing the company include Suresh Kumar Maheshwari, Virat Maheshwari and Dilip Maheshwari. 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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Founded Year | Domain | Location | |
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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 Harmony Foods
| 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 - Harmony Foods
| 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 |
Harmony Foods Comparisons
Competitors of Harmony Foods
Harmony Foods 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 Floryo, Him Shakti, TWF Flours, Better Alt and Chakkizza, 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 |
Milled grains and specialty flours are sold online by Floryo.
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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 |
Various flours are offered online by TWF Flours brand.
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| domain | founded_year | HQ Location |
Internet first brand of mushroom coffee, millet & beet root powder
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| domain | founded_year | HQ Location |
Atta delivery services are offered via an online platform.
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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 Harmony Foods
When was Harmony Foods founded?
Harmony Foods was founded in 2004 and raised its 1st funding round 3 years after it was founded.
Where is Harmony Foods located?
Harmony Foods is headquartered in Visakhapatnam, India. It is registered at Visakhapatnam, Andhra Pradesh, India.
Is Harmony Foods a funded company?
Harmony Foods is a funded company, having raised a total of $2.22M across 3 funding rounds to date. The company's 1st funding round was a Seed of $788.04K, raised on Feb 13, 2007.
How many employees does Harmony Foods have?
As of Apr 07, 2024, the latest employee count at Harmony Foods is 77.
What is the annual revenue of Harmony Foods?
Annual revenue of Harmony Foods is $42.81M as on Mar 31, 2023.
What does Harmony Foods do?
Harmony Foods was established in 2004 in Visakhapatnam, India, as a brand within the food processing sector. Operations center on the production and marketing of various flour types for consumer use. The company is led by an owner and a managing director, with activities based primarily in India. Its online presence is maintained through the domain harmonyfoods.in, supporting regional distribution efforts.
Who are the top competitors of Harmony Foods?
Harmony Foods's top competitors include Floryo, TWF Flours and Better Alt.
What products or services does Harmony Foods offer?
Harmony Foods offers Wheat Germ, Premium Sharbat Atta, E-Fresh Premium Dalia, E-Fresh Premium Sooji, and E-Fresh Premium Maida.
Who are Harmony Foods's investors?
Harmony Foods has 18 investors. Key investors include Suresh Kumar Maheshwari, Virat Maheshwari, Dilip Maheshwari, Purushottam Kumar Bajaj, and Rainbow Dealcom.
What is Harmony Foods's valuation?
The valuation of Harmony Foods is $4.46M as of Mar 2016.