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
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- 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.
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 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.
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.
| Investor | Description | Founded Year | Domain | Location |
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Online share trading and investment services are provided.
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Motilal Oswal Alternates is engaged in alternative investment management.
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Investor details for Lal Sweets
Investor domains, locations, round participation, and complete history require an active premium plan.
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Investments & Acquisitions by Lal Sweets
Investment portfolio details for Lal Sweets
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Financial Statements - Lal Sweets
Detailed financials for Lal Sweets
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Lal Sweets Comparisons
Peer comparison for Lal Sweets
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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.
| Company Name | Domain | Founded year | HQ Location | Description |
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Paan products including teas and chocolates are offered online.
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Sweets are offered through an internet-first brand in India.
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Online platform for purchasing traditional Indian halwa and combos.
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Offers IT consulting, digital marketing, and web development expertise to businesses.
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Online platform for ordering authentic Indian sweets with global delivery.
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Detailed competitors of Lal Sweets
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Latest news on Lal Sweets
Complete news archive for Lal Sweets
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Frequently Asked Questions about Lal Sweets
Lal Sweets was founded in 2010 and raised its 1st funding round 14 years after it was founded.
Lal Sweets is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Prateek Athwani is the current CEO of Lal Sweets.
Lal Sweets is a funded company, having raised a total of $39.35M across 1 funding round to date.
As of Dec 14, 2024, the latest employee count at Lal Sweets is 349.
Annual revenue of Lal Sweets is $15.3M as on Mar 31, 2024.
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.
Lal Sweets's top competitors include The Betel Leaf Co, Magicleaf and Bansiwala.
Lal Sweets offers Mysore Pak, Dharwad Peda, Motichur Laddoo, Kaju Katli, and Chakli Masala.
Lal Sweets has 2 investors. Key investors include Motilal Oswal, and Motilal Oswal Alternates.
The valuation of Lal Sweets is $110.21M as of Aug 2024.