About Lal Sweets
Lal Sweets is a company based in Bengaluru (India) founded in 2010.. Lal Sweets has raised $39.35 million across 1 funding round from investors including Motilal Oswal and Motilal Oswal Alternates. The company has 349 employees as of December 14, 2024. Lal Sweets offers products and services including Mysore Pak, Dharwad Peda, Motichur Laddoo, Kaju Katli, and Chakli Masala. Lal Sweets operates in a competitive market with competitors including The Betel Leaf Co, Bansiwala, Fulva, Veratix Solutions and Almora Mithai, among others.
- Headquarter Bengaluru, India
- Employees 349 as on 14 Dec, 2024
- Stage Minicorn
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Sectors
ConsumerRetail
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Lal Sweets Private Limited
- Date of Incorporation 08 Apr, 2010
- Jurisdiction Bangalore, Karnataka, India
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Annual Revenue
$15.3 M (USD)54.77as on Mar 31, 2024
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Net Profit
$3.33 M (USD)104.44as on Mar 31, 2024
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EBITDA
$4.48 M (USD)71.18as on Mar 31, 2024
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Total Equity Funding
$39.35 M (USD)
in 1 rounds
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Latest Funding Round
$39.35 M (USD), Private Equity Round
Aug 27, 2024
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Investors
Motilal Oswal
& 1 more
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Employee Count
349
as on Dec 14, 2024
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Products & Services of Lal Sweets
Lal Sweets offers a comprehensive portfolio of products and services, including Mysore Pak, Dharwad Peda, Motichur Laddoo, Kaju Katli, and Chakli Masala. 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.
Traditional Indian sweet made from gram flour, ghee, and sugar for festive occasions.
Caramel-flavored sweet prepared with milk and sugar for everyday snacking.
Tiny gram flour balls shaped into laddoo, ideal for gifting and celebrations.
Cashew-based delicacy with a diamond shape, perfect for special events.
Spicy spiral snack made from rice flour, enjoyed as a crunchy appetizer.
Funding Insights of Lal Sweets
Lal Sweets has successfully raised a total of $39.35M through 1 strategic funding round. The most recent funding activity was a Private Equity Round round of $39.35 million completed in August 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 1
- Last Round Private Equity Round — $39.3M
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First Round
First Round
(27 Aug 2024)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2024 | Amount | Private Equity Round - Lal Sweets | Valuation | Motilal Oswal , Motilal Oswal |
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| 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 Lal Sweets
Lal Sweets has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include Motilal Oswal and Motilal Oswal Alternates. 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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Online share trading and investment services are provided.
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Founded Year | Domain | Location | |
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Motilal Oswal Alternates is engaged in alternative investment management.
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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 Lal Sweets
| 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 - Lal Sweets
| 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 |
Lal Sweets Comparisons
Competitors of Lal Sweets
Lal Sweets 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 Betel Leaf Co, Bansiwala, Fulva, Veratix Solutions and Almora Mithai, 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 |
Paan products including teas and chocolates are offered online.
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| domain | founded_year | HQ Location |
Sweets are offered through an internet-first brand in India.
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| domain | founded_year | HQ Location |
Online platform for purchasing traditional Indian halwa and combos.
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| domain | founded_year | HQ Location |
Offers IT consulting, digital marketing, and web development expertise to businesses.
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| domain | founded_year | HQ Location |
Online platform for ordering authentic Indian sweets with global delivery.
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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 Lal Sweets
Frequently Asked Questions about Lal Sweets
When was Lal Sweets founded?
Lal Sweets was founded in 2010 and raised its 1st funding round 14 years after it was founded.
Where is Lal Sweets located?
Lal Sweets is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Who is the current CEO of Lal Sweets?
Prateek Athwani is the current CEO of Lal Sweets.
Is Lal Sweets a funded company?
Lal Sweets is a funded company, having raised a total of $39.35M across 1 funding round to date. The company's 1st funding round was a Private Equity Round of $39.35M, raised on Aug 27, 2024.
How many employees does Lal Sweets have?
As of Dec 14, 2024, the latest employee count at Lal Sweets is 349.
What is the annual revenue of Lal Sweets?
Annual revenue of Lal Sweets is $15.3M as on Mar 31, 2024.
What does Lal Sweets do?
Lal Sweets was established in 2010 in Bengaluru, India, as an internet-first brand focused on cookies and sweets. Operations are conducted primarily online through the domain lalsweets.com, serving the confectionery sector. The company is led by CEO and Managing Director Prateek Athwani. Products are targeted at consumers in India, with emphasis on direct-to-consumer sales via digital platforms. No physical retail presence is noted in available data.
Who are the top competitors of Lal Sweets?
Lal Sweets's top competitors include The Betel Leaf Co, Magicleaf and Bansiwala.
What products or services does Lal Sweets offer?
Lal Sweets offers Mysore Pak, Dharwad Peda, Motichur Laddoo, Kaju Katli, and Chakli Masala.
Who are Lal Sweets's investors?
Lal Sweets has 2 investors. Key investors include Motilal Oswal, and Motilal Oswal Alternates.
What is Lal Sweets's valuation?
The valuation of Lal Sweets is $110.21M as of Aug 2024.
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