About Modern Foods
Modern Foods is a company based in Gurugram (India) founded in 1965 was acquired by Grupo Bimbo in December 2020.. The company has 255 employees as of April 06, 2024. Modern Foods has completed 1 acquisition, including CookieMan. Modern Foods operates in a competitive market with competitors including Mondelez International, Unibic, Cremica, Haldiram Foods International and Kishlay Foods, among others.
- Headquarter Gurugram, India
- Employees 255 as on 06 Apr, 2024
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Sectors
Consumer
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Phone
*********
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Website
*********
- Legal Name Modern Food Enterprises Private Limited
- Date of Incorporation 29 Dec, 2014
- Jurisdiction Gurugram, Haryana, India
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Annual Revenue
$53.61 M (USD)13.61as on Mar 31, 2023
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Net Profit
$3.58 M (USD)120.43as on Mar 31, 2023
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EBITDA
$5.86 M (USD)76.1as on Mar 31, 2023
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Latest Funding Round
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Investors
Everstone Capital
& 1 more
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Employee Count
255
as on Apr 06, 2024
- Investments & Acquisitions
- Acquired by
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Funding Insights of Modern 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 |
Investors in Modern Foods
Modern Foods has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include Everstone Capital and Grupo Bimbo. 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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Private equity investments in mid-market businesses linked to India and Southeast Asia.
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Founded Year | Domain | Location | |
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Multi-category bakery snacks are manufactured and branded worldwide.
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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 Modern Foods
Modern Foods has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include CookieMan. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Cookies and baked goods are manufactured and marketed in India.
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2000 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Modern 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 |
Modern Foods Comparisons
Competitors of Modern Foods
Modern 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 Mondelez International, Unibic, Cremica, Haldiram Foods International and Kishlay 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 |
Multi-category convenience foods are produced and distributed globally.
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| domain | founded_year | HQ Location |
Multi-category snacks are manufactured and distributed by Unibic brand.
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| domain | founded_year | HQ Location |
Snacks, biscuits, breads, and related products are manufactured.
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| domain | founded_year | HQ Location |
Offers traditional Indian sweets, namkeen, dry fruits, and beverages for online purchase and delivery.
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| domain | founded_year | HQ Location |
Multi-category snack products are offered via an internet-first brand.
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| domain | founded_year | HQ Location |
Integrated convergence solutions are provided in the Indian market.
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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 Modern Foods
Frequently Asked Questions about Modern Foods
When was Modern Foods founded?
Modern Foods was founded in 1965.
Where is Modern Foods located?
Modern Foods is headquartered in Gurugram, India. It is registered at Gurugram, Haryana, India.
Who is the current CEO of Modern Foods?
Rafael Pamias is the current CEO of Modern Foods.
How many employees does Modern Foods have?
As of Apr 06, 2024, the latest employee count at Modern Foods is 255.
What is the annual revenue of Modern Foods?
Annual revenue of Modern Foods is $53.61M as on Mar 31, 2023.
What does Modern Foods do?
Modern Foods was founded in 1965 and operates in the food sector, focusing on baked bread and bakery items. The company was acquired by Hindustan Unilever in 2000, under which its business was managed using the Modern brand. In 2016, Everstone Capital took over from HUL. Based in Gurugram, India, it reported revenue of INR 250 crore in 2015.
Who are the top competitors of Modern Foods?
Modern Foods's top competitors include Cremica, Mondelez International and Unibic.
How many acquisitions has Modern Foods made?
Modern Foods has made 1 acquisition, including CookieMan.
Who are Modern Foods's investors?
Modern Foods has 2 investors. Key investors include Everstone Capital, and Grupo Bimbo.