About Saucery
Saucery is a Consumer company based in Mumbai (India) founded in 2015 by Pallavi Sailesh Bhatia and Nikhil Vora, and was acquired by Wingreens World in September 2023. Private label brand for spreads and dips. Saucery has raised $189.3 thousand across 2 funding rounds from investors including Wingreens World, Hindustan Foods and Ajay Sarupria. The company has 14 employees. Saucery was last valued at $716.02 thousand in December 2018. Its Indian entity Saucery Foods Private Limited reported revenue of ₹4.05 Cr. Its focus areas include Food and Agriculture, Food & Beverage Products, Grocery & Staples and Sauces Pickles and Condiments. Its competitors include Veeba, Cremica and Capital Foods; 2 of its 3 listed competitors have raised funding.
Company details
Saucery is a private label brand for spreads and dips. Offerings include sauces, dips, spreads with different flavours. Claims that the products are 100 natural, vegan and are free of gluten, chemicals, artificial additives and trans fats. Operates through an online channel of retail only. Partnered with e-commerce platforms like Shop Hop, Amazon for online retail in addition to its own online platform.
- Headquarters Mumbai, India
- Employees 14
- Founders Pallavi Sailesh Bhatia, Nikhil Vora
- Stage Acquired
- SectorsConsumer
- Email••••••••
- Phone•••• ••••
- Website saucery.in
- Social X Facebook
- Acquired by HFL (May 2018)
- Legal Name Saucery Foods Private Limited
- Date of Incorporation 16 Oct, 2017
- Jurisdiction Gurgaon, Haryana, India
- Annual Revenue₹4.05 Cr
FY 2023 · +55% YoY
- Net Loss-₹2.57 Cr
FY 2023 · -63% margin
- EBITDA-₹2.21 Cr
FY 2023 · -55% margin
- Total Equity Funding$189.3K (USD)
in 2 rounds
- Latest Funding Round$142.41K (USD), Angel Round
Dec 2018
- InvestorsWingreens World
& 5 more
- Employee Count14
- Acquired by
Associated legal entities of Saucery
Saucery operates through Saucery Foods Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2023) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Saucery Foods Private Limited CIN U15112HR2017PTC107140 | Active | 16 Oct 2017 | Gurgaon, Haryana | ₹4.0 Cr | 14 | 2 | View details |
Funding Insights of Saucery
Saucery has successfully raised a total of $189.3K across 2 strategic funding rounds. The most recent funding activity was a Angel Round of $142.41 thousand completed in December 2018. 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 $189,297
- Total Rounds 2
- Last Round Angel Round — $142,413
- First Round $46,884
(Feb 2018)
- Investors Count 4
All 2 funding rounds of Saucery 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 2018 | $142,413 | Angel Round | $716,015 | Ajay Sarupria, Jasmine Ajay Sarupria | – |
| Feb 2018 | $46,884 | Angel Round | $186,853 | Nikhil Kishorchandra Vora |
Last known valuation $716,015 (Dec 2018). 6 investors in total: 2 institutional and 4 angel.
Investors in Saucery
Saucery has secured backing from 6 investors, including angel and institutional investors. Prominent investors backing the company include Wingreens World, Hindustan Foods and Ajay Sarupria.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Multi-category food products are distributed via an internet-first brand. | 2011 | wingreensworld.com | Gurugram, India | |
AS Ajay Sarupria | unknown_68cb4fc1a620494f9 | |||
JA Jasmine Ajay Sarupria | unknown_df3a2cef365c48dfa | |||
NV Nikhil Vora | unknown_50e2b1eb824440bd8 | |||
NK Nikhil Kishorchandra Vora | unknown_59c37f324fc54c979 | |||
Hindustan Foods Limited is engaged in FMCG contract manufacturing. | 1984 | hindustanfoodslimited.com | Mumbai, India |
Investor details for Saucery
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Board of directors of Saucery Foods Private Limited (Saucery)
Saucery Foods Private Limited is the primary company behind Saucery. The board of Saucery Foods Private Limited currently have 2 directors; the longest-serving is Arjun Srivastava, appointed in 2021. 5 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Arjun Srivastava DIN 03473926 | Director | 20 Nov 2021 | 4 yrs 11 mo | Saucery Foods Private Limited |
| Anju Chaudhri Srivastava DIN 03523822 | Director | 20 Nov 2021 | 4 yrs 11 mo | Saucery Foods Private Limited |
People of Saucery
2 people are tracked at Saucery (2 in leadership); the tracked headcount is 14.
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership | |
| Co-Founder | Leadership |
Complete people profiles for Saucery
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Financials of Saucery
Figures of Saucery Foods Private Limited, the primary company behind Saucery, for FY 2023. Revenue was ₹4.05 Cr (+55% year on year). Net loss was -₹2.57 Cr (-63% margin). EBITDA was -₹2.21 Cr (-55% margin). Revenue has grown at a compounded annual rate of +113% over five years.
- ₹4.05 CrRevenue · FY 2023 · +55% YoY
- -₹2.57 CrNet loss · -63% margin
- -₹2.21 CrEBITDA · -55% margin
- ₹1.9 LakhPaid-up capital
- 14Employees (provident fund records)
- +113%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Saucery Foods Private Limited are on its company page.
Detailed financial statements for Saucery
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of Saucery
5 dated milestones of Saucery across 8 years, from founding to its latest funding, stage changes and deals.
- Founded Saucery is founded.
- Funding First funding round of $47K.
- Exit Acquired by HFL.
- Funding Latest funding round, Angel Round, of $142K.
- Exit Acquired by Wingreens World.
Competitors of Saucery
Saucery has 3 listed competitors in our database, 2 of them funded. They include Veeba, Cremica and Capital Foods.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| veeba.in | 2012 | Gurugram, India | $58.27M | 1,238 | Internet first brand of sauces, dips, and other condiment products | |
| cremica.com | 1978 | Delhi, India | 649 | Biscuits, sauces, bread, and related condiments are produced by Cremica. | ||
| capitalfoods.co.in | 1996 | Mumbai, India | $40.44M | 232 | Capital Foods Limited is engaged in producing packaged food products. |
Detailed competitors of Saucery
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Top companies in Food & Beverage Products & Processing
3 companies that operate in the same segment as Saucery (Food & Beverage Products & Processing) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Platform offering a subscription-based delivery service for fresh milk and groceries | 2015 | Gurugram, Haryana, India | USD 228.42 M | USD 99.78 M | 3,464 | |
Subscription-based coffee products are offered by an internet-first brand. | 2013 | Gurugram, Haryana, India | USD 112.84 M | USD 25.83 M | 2,059 | |
Meat and seafood products are delivered via an online platform. | 2015 | Bengaluru, Karnataka, India | USD 564.84 M | USD 97.26 M | 2,828 |
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Frequently Asked Questions about Saucery
Saucery was founded in 2015 and raised its 1st funding round 3 years after it was founded.
Saucery is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Saucery is a funded company, having raised a total of $189.3K across 2 funding rounds to date. The company's 1st funding round was a Angel Round of $46.88K, raised on Feb 2018.
Saucery has 14 employees.
The primary company behind Saucery, Saucery Foods Private Limited, reported revenue of ₹4.05 Cr for FY 2023, up 55% year on year.
Saucery is a private label brand for spreads and dips. Offerings include sauces, dips, spreads with different flavours. Claims that the products are 100 natural, vegan and are free of gluten, chemicals, artificial additives and trans fats. Operates through an online channel of retail only. Partnered with e-commerce platforms like Shop Hop, Amazon for online retail in addition to its own online platform.
Saucery's top competitors include Veeba, Capital Foods and Cremica.
Saucery has 6 investors. Key investors include Wingreens World, Hindustan Foods, Ajay Sarupria, Jasmine Ajay Sarupria, and Nikhil Vora.
The valuation of Saucery is $716.02K as of Dec 2018.
Saucery operates through Saucery Foods Private Limited.
Yes. Saucery was acquired by HFL in May 2018.
The legal entities of Saucery currently have 2 directors, including Arjun Srivastava, Anju Chaudhri Srivastava.