About Mad Over Donuts
Mad Over Donuts is a Consumer company based in Mumbai (India) founded in 2007. It operates as a chain of limited service restaurants offering donuts and coffee. Mad Over Donuts has raised $7.86 million across 7 funding rounds from investors including Mirah Hospitality, Jimmy Mahtani and Nirmala Bharwani. The company has 667 employees. Mad Over Donuts was last valued at $2.95 million in December 2020. Its Indian entity Himesh Foods Private Limited reported revenue of ₹96.21 Cr. Mad Over Donuts offers products and services including Donuts, Beverages, and Custom Orders. Its focus areas include Food and Agriculture, Food Service Chains, Restaurants and Limited Service. Its competitors include YUM! Brands, Devyani International, Impresario, Biggies Burger N More and VRO Hospitality and 3 more; 7 of its 8 listed competitors have raised funding.
Company details
Mad Over Donuts was established in 2007 in Mumbai, India, as a chain in the food service sector. Limited service restaurants are operated, focusing on donuts and coffee as primary items. Additional products such as beverages, cupcakes, cookies, brownies, bubble tea, and waffles are provided to customers across locations in India. Operations emphasize quick-service formats in urban areas.
- Headquarters Mumbai, India
- Employees 667
- Stage Minicorn
- SectorsConsumer
- Email••••••••
- Phone•••• ••••
- Website madoverdonuts.com
- Social LinkedIn X Facebook Instagram
- Legal Name Himesh Foods Private Limited
- Date of Incorporation 09 Oct, 2007
- Jurisdiction Mumbai, Maharashtra, India
- Annual Revenue₹96.21 Cr
FY 2025 · +2% YoY
- Net Loss-₹1.41 Cr
FY 2025 · -1% margin
- EBITDA₹13 Lakh
FY 2025 · 0% margin
- Total Equity Funding$7.86M (USD)
in 7 rounds
- Latest Funding Round$98.83K (USD), Angel Round
Dec 2020
- InvestorsMirah Hospitality
& 8 more
- Employee Count667
Associated legal entities of Mad Over Donuts
Mad Over Donuts operates through Himesh Foods Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Himesh Foods Private Limited CIN U15132MH2007PTC174847 | Active | 09 Oct 2007 | Mumbai, Maharashtra | ₹96.2 Cr | 667 | 2 | View details |
Products & Services of Mad Over Donuts
Mad Over Donuts offers a comprehensive portfolio of products and services, including Donuts, Beverages, and Custom Orders.
Handcrafted eggless donuts with various flavors for consumer enjoyment
Bubble tea and other flavored drinks for complementary treats
Design-your-own donut options at topping bars for unique experiences
Funding Insights of Mad Over Donuts
Mad Over Donuts has successfully raised a total of $7.86M across 7 strategic funding rounds. The most recent funding activity was a Angel Round of $98.83 thousand completed in December 2020. 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 $7.86M
- Total Rounds 7
- Last Round Angel Round — $98,829
- First Round $1.18M
(Oct 2010)
- Investors Count 9
All 7 funding rounds of Mad Over Donuts with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec 2020 | $98,829 | Angel Round | $2.95M | Nirmala Bharwani | |
| Nov 2019 | $283,364 | Angel Round | $4.89M | Gita Bharwani | |
| Jun 2018 | $554,846 | Angel Round | $••••• | Haresh Kewlani | |
| May 2017 | $699,912 | Angel Round | $••••• | Ankit Mehta, Gita Bharwani | |
| May 2016 | $913,390 | Angel Round | $••••• | Jimmy Mahtani | |
| Sep 2013 | $4.13M | Series A | $••••• | Mirah Hospitality, Nirmala Bharwani | – |
| Oct 2010 | $1.18M | Seed | $••••• | Mirah Hospitality |
| Date | Valuation | Stage |
|---|---|---|
| Dec 2020 | $2.95M | •••••••• |
| Nov 2019 | $4.89M | •••••••• |
| Jun 2018 | $••••• | •••••••• |
| May 2017 | $••••• | •••••••• |
| May 2016 | $••••• | •••••••• |
| Sep 2013 | $••••• | •••••••• |
| Oct 2010 | $••••• | •••••••• |
Full valuation and stage history of Mad Over Donuts
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
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Last known valuation $2.95M (Dec 2020). 9 investors in total: 1 institutional and 8 angel.
Investors in Mad Over Donuts
Mad Over Donuts has secured backing from 9 investors, including angel and institutional investors. Prominent investors backing the company include Mirah Hospitality, Jimmy Mahtani and Nirmala Bharwani.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Hospitality brands are managed across multiple Indian cities. | 1988 | mirahhospitality.com | Mumbai, India | |
JM Jimmy Mahtani | - | – | unknown_a538df8ecde140148 | - |
NB Nirmala Bharwani | - | – | unknown_02e49e9a6fe947549 | - |
GB Gita Bharwani | - | – | unknown_cd1d429f2a204333b | - |
HK Haresh Kewlani | - | – | unknown_f5214a12550b4d968 | - |
JB Jethanand Bharwani | - | – | unknown_26af85ec56d4465b9 | - |
AM Ankit Mehta | Co-founder of ideaForge, leading drone tech innovator, active angel investor | – | unknown_3bb5c8b7df2a4e028 | - |
GG Girija Gaurav Goenka | - | – | unknown_eb2f3f78d4d847d0b | - |
GO Gaurav Omprakash Goenka | Angel investor and entrepreneur, focusing on tech startups in India. | – | unknown_7fa5487d6f514933a | - |
Investor details for Mad Over Donuts
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Board of directors of Himesh Foods Private Limited (Mad Over Donuts)
Himesh Foods Private Limited is the primary company behind Mad Over Donuts. The board of Himesh Foods Private Limited currently have 2 directors; the longest-serving is Hitesh Jethanand Bharwani, appointed in 2007. 7 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Hitesh Jethanand Bharwani DIN 01741628 | Director | 09 Oct 2007 | 19 yrs | Himesh Foods Private Limited |
| Taraknath Bhattacharya Satyanarayan DIN 08569497 | Director | 24 Sep 2019 | 7 yrs | Himesh Foods Private Limited |
Financials of Mad Over Donuts
Figures of Himesh Foods Private Limited, the primary company behind Mad Over Donuts, for FY 2025. Revenue was ₹96.21 Cr (+2% year on year). Net loss was -₹1.41 Cr (-1% margin). EBITDA was ₹13 Lakh (0% margin). Revenue has grown at a compounded annual rate of +16% over three years and +12% over five years.
- ₹96.21 CrRevenue · FY 2025 · +2% YoY
- -₹1.41 CrNet loss · -1% margin
- ₹13 LakhEBITDA · 0% margin
- ₹8.44 CrPaid-up capital
- 667Employees (provident fund records)
- +16%Revenue CAGR, 3 years
- +12%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Himesh Foods Private Limited are on its company page.
Detailed financial statements for Mad Over Donuts
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of Mad Over Donuts
4 dated milestones of Mad Over Donuts across 13 years, from founding to its latest funding, stage changes and deals.
- Founded Mad Over Donuts is founded.
- Funding First funding round of $1.2M.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Angel Round, of $99K.
Competitors of Mad Over Donuts
Mad Over Donuts has 8 listed competitors in our database, 7 of them funded. They include YUM! Brands, Devyani International, Impresario, Biggies Burger N More and VRO Hospitality, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| yum.com | 1997 | Louisville, United States | – | 154 | Restaurants chains | |
| dil-rjcorp.com | 1991 | Delhi, India | $153.03M | 16,371 | Quick-service restaurants and food courts are developed and operated. | |
| impresario.in | 2001 | Mumbai, India | $53.78M | 4,495 | Chain of limited service restaurant | |
| biggiesburger.com | 2011 | Bengaluru, India | $1.29M | 133 | Restaurant chain serving American fast food and snacks | |
| vrohospitality.com | 2018 | Bengaluru, India | $16.29M | 685 | Restaurant chain serving multiple dishes | |
| hungerinc.in | 2014 | Mumbai, India | $1.69M | 534 | Indian restaurants and a food magazine are operated. | |
| olivebarandkitchen.com | 2000 | Mumbai, India | $6.54M | 282 | Mediterranean fine dining is offered by restaurant chain operations. | |
| jsmcorp.in | 2005 | Mumbai, India | $32.74M | 297 | Restaurant chains are managed across multiple brands in India. |
Detailed competitors of Mad Over Donuts
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Web traffic of Mad Over Donuts
The website of Mad Over Donuts (madoverdonuts.com) receives about 8.4K visits a month.
- Monthly visits8.4K
▲ 1.4% vs previous month
Websites whose visitors overlap most with Mad Over Donuts. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| deliverychef.in | 100% | – | – | View details | |
| krispykremeindia.in | 90% | 7.5K | #2,609,717 | View details | |
| tintbox.in | 87% | 32.4K | #702,764 | View details | |
omsweets.in | omsweets.in | 86% | – | #733,044 | – |
| justmyroots.com | 86% | 5.2K | #3,409,554 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 19 similar websites and full traffic analytics for Mad Over Donuts
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Top companies in Food Service Chains
10 companies that operate in the same segment as Mad Over Donuts (Food Service Chains), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Brand of craft beer and brewery chain operator | 2007 | Ellon, Aberdeenshire, United Kingdom | USD 440.93 M | USD 313.06 M | 1,122 | |
Chain of limited service restaurant serving coffee | 2017 | Jakarta, Jakarta, Indonesia | USD 240 M | – | 5,146 | |
Salads and meal bowls are offered by restaurant chains. | 2006 | Los Angeles, California, United States | USD 479.07 M | USD 679.47 M | 2,868 | |
Doughnuts and coffee are provided by the international chain. | 1937 | Winston-salem, North Carolina, United States | USD 114.68 M | USD 1.52 B | 21,000 | |
A chain of restaurants provides meals and catering services. | 2009 | Colorado City, Colorado, United States | USD 11.45 M | – | 526 | |
Provider of bakery-cafe services and a loyalty program | 1987 | St. Louis, Missouri, United States | USD 145.61 M | – | – | |
Coffee and related products are served by a restaurant chain. | 1993 | Bengaluru, Karnataka, India | USD 236.07 M | USD 110.67 M | 2,863 | |
Mediterranean fast-casual dining is provided by CAVA restaurants. | 2010 | Washington, District Of Columbia, United States | USD 680.15 M | USD 1.18 B | 10,690 | |
A chain of coffee houses is operated in Indonesia. | 2018 | Jakarta, Jakarta, Indonesia | USD 40 M | USD 89.74 M | 3,180 | |
Tea and snacks are served by Chaayos in limited-service restaurants. | 2012 | Delhi, Delhi, India | USD 94.23 M | USD 31.69 M | 2,075 |
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Related news about Mad Over Donuts
Complete news archive for Mad Over Donuts
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Frequently Asked Questions about Mad Over Donuts
Mad Over Donuts was founded in 2007 and raised its 1st funding round 3 years after it was founded.
Mad Over Donuts is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Mad Over Donuts is a funded company, having raised a total of $7.86M across 7 funding rounds to date. The company's 1st funding round was a Seed of $1.18M, raised on Oct 2010.
Mad Over Donuts has 667 employees.
The primary company behind Mad Over Donuts, Himesh Foods Private Limited, reported revenue of ₹96.21 Cr for FY 2025, up 2% year on year.
Mad Over Donuts was established in 2007 in Mumbai, India, as a chain in the food service sector. Limited service restaurants are operated, focusing on donuts and coffee as primary items. Additional products such as beverages, cupcakes, cookies, brownies, bubble tea, and waffles are provided to customers across locations in India. Operations emphasize quick-service formats in urban areas.
Mad Over Donuts's top competitors include Impresario, Devyani International and YUM! Brands.
Mad Over Donuts offers Donuts, Beverages, and Custom Orders.
Mad Over Donuts has 9 investors. Key investors include Mirah Hospitality, Jimmy Mahtani, Nirmala Bharwani, Gita Bharwani, and Haresh Kewlani.
The valuation of Mad Over Donuts is $2.95M as of Dec 2020.
Mad Over Donuts operates through Himesh Foods Private Limited.
The legal entities of Mad Over Donuts currently have 2 directors, including Taraknath Bhattacharya Satyanarayan, Hitesh Jethanand Bharwani.