About Ovenfresh
Ovenfresh is a company based in Bengaluru (India) founded in 2008 by Rajiv Subramanian was acquired by Curefoods in February 2022. It operates as a Direct-to-Consumer (D2C). Ovenfresh has raised $4.76 million across 4 funding rounds from investors including Curefoods, Kalaari Capital and Narita Finance. The company has 1 employees as of April 08, 2024. Ovenfresh offers products and services including Chocolate Cakes, Kid's Cakes, and Fruit Cakes. Ovenfresh operates in a competitive market with competitors including Creme Castle, Mimansa Industries, Hira Sweets, Brown Bear Bakers and Merwans Confectioners, among others.
- Headquarter Bengaluru, India
- Employees 1 as on 08 Apr, 2024
- Founders Rajiv Subramanian
- Stage Minicorn
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Sectors
Consumer
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Ubiquitous Foods Private Limited
- Date of Incorporation 23 Nov, 2007
- Jurisdiction Chinglepet, Tamil Nadu, India
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Annual Revenue
$1.88 M (USD)172.25as on Mar 31, 2022
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Net Profit
$905.18 K (USD)598.46as on Mar 31, 2022
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EBITDA
$40.25 K (USD)999.45as on Mar 31, 2022
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Total Equity Funding
$4.76 M (USD)
in 4 rounds
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Latest Funding Round
$764.79 K (USD), Series A
Nov 11, 2017
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Investors
Curefoods
& 3 more
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Employee Count
1
as on Apr 08, 2024
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Acquired by
Curefoods
(Feb 01, 2022)
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Products & Services of Ovenfresh
Ovenfresh offers a comprehensive portfolio of products and services, including Chocolate Cakes, Kid's Cakes, and Fruit Cakes. 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.
Various chocolate cakes are offered for different occasions.
Themed cakes for children are crafted with creativity.
Fruit-based cakes are prepared with fresh ingredients daily.
Funding Insights of Ovenfresh
Ovenfresh has successfully raised a total of $4.76M across 4 strategic funding rounds. The most recent funding activity was a Series A round of $764.79 thousand completed in November 2017. 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 4
- Last Round Series A — $764,785
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First Round
First Round
(08 Mar 2013)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2017 | Amount | Series A - Ovenfresh | Valuation | Narita Finance | |
| Jun, 2015 | Amount | Series A - Ovenfresh | Valuation | Kalaari Capital |
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| Jun, 2014 | Amount | Series A - Ovenfresh | Valuation | Kalaari Capital |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| 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 Ovenfresh
Ovenfresh has secured backing from 4 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Curefoods, Kalaari Capital and Narita Finance. 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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Investments in early-stage technology companies are made by Kalaari Capital.
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location | |
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Cloud kitchens are operated and food brands are incubated technologically.
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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
|
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 Ovenfresh
| 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 - Ovenfresh
| 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 |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Ovenfresh Comparisons
Competitors of Ovenfresh
Ovenfresh 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 Creme Castle, Mimansa Industries, Hira Sweets, Brown Bear Bakers and Merwans Confectioners, 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 |
Creme Castle is recognized as a leading custom cake bakery in Delhi NCR.
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| domain | founded_year | HQ Location |
Chain of bakery cafe offering cakes and pastries
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| domain | founded_year | HQ Location |
Provides Indian sweets, restaurant services, bakery items, and gift hampers in Delhi.
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| domain | founded_year | HQ Location |
Chain of bakery cafe offering cakes and pastries
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| domain | founded_year | HQ Location |
Chain of bakery cafes offering cakes and pastries
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| domain | founded_year | HQ Location |
Offers online retail of churros, cakes, European desserts, and Italian cuisine.
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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 Ovenfresh
When was Ovenfresh founded?
Ovenfresh was founded in 2008 and raised its 1st funding round 5 years after it was founded.
Where is Ovenfresh located?
Ovenfresh is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Who is the current CEO of Ovenfresh?
Rajiv Subramanian is the current CEO of Ovenfresh. They have also founded this company.
Is Ovenfresh a funded company?
Ovenfresh is a funded company, having raised a total of $4.76M across 4 funding rounds to date. The company's 1st funding round was a Series A of $842.98K, raised on Mar 08, 2013.
How many employees does Ovenfresh have?
As of Apr 08, 2024, the latest employee count at Ovenfresh is 1.
What is the annual revenue of Ovenfresh?
Annual revenue of Ovenfresh is $1.88M as on Mar 31, 2022.
What does Ovenfresh do?
A variety of cakes for birthdays, celebrations, and other events are provided by Ovenfresh, based in Chennai, India. Specializations include chocolate, fruit, and themed cakes for children. Delivery services are offered to ensure fresh products reach customers promptly. The bakery sector is primarily served with a focus on quality and customization.
Who are the top competitors of Ovenfresh?
Ovenfresh's top competitors include Mimansa Industries, Creme Castle and Merwans Confectioners.
What products or services does Ovenfresh offer?
Ovenfresh offers Chocolate Cakes, Kid's Cakes, and Fruit Cakes.
Who are Ovenfresh's investors?
Ovenfresh has 4 investors. Key investors include Curefoods, Kalaari Capital, Narita Finance, and Anil Jain.
What is Ovenfresh's valuation?
The valuation of Ovenfresh is $11.73M as of Nov 2017.