About Saucery
Saucery is a company based in Mumbai (India) founded in 2015 by Pallavi Sailesh Bhatia and Nikhil Vora was acquired by Wingreens World in September 2023.. 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 as of April 06, 2024. Saucery operates in a competitive market with competitors including Veeba, Heinz, Cremica, Capital Foods and Masterchow, among others.
- Headquarter Mumbai, India
- Employees 14 as on 06 Apr, 2024
- Founders Pallavi Sailesh Bhatia, Nikhil Vora
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Sectors
Consumer
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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 Saucery Foods Private Limited
- Date of Incorporation 16 Oct, 2017
- Jurisdiction Gurgaon, Haryana, India
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Annual Revenue
$486.83 K (USD)55.32as on Mar 31, 2023
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Net Profit
$-308.52 K (USD)-176.38as on Mar 31, 2023
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EBITDA
$-265.67 K (USD)-178.55as on Mar 31, 2023
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Total Equity Funding
$189.3 K (USD)
in 2 rounds
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Latest Funding Round
$142.41 K (USD), Angel Round
Dec 20, 2018
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Investors
Wingreens World
& 5 more
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Employee Count
14
as on Apr 06, 2024
- Acquired by
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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 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 Total Funding
- Total Rounds 2
- Last Round Angel Round — $142,413
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First Round
First Round
(16 Feb 2018)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2018 | Amount | Angel Round - Saucery | Valuation | Ajay Sarupria , Jasmine Ajay Sarupria |
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| Feb, 2018 | Amount | Angel Round - Saucery | Valuation | Nikhil Kishorchandra Vora |
| 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 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. 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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Multi-category food products are distributed via an internet-first brand.
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Founded Year | Domain | Location | |
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AS
Ajay Sarupria |
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Founded Year | Domain | Location |
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JA
Jasmine Ajay Sarupria |
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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 Saucery
| 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 - Saucery
| 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 |
Saucery Comparisons
Competitors of Saucery
Saucery 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 Veeba, Heinz, Cremica, Capital Foods and Masterchow, 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 |
Internet first brand of sauces, dips, and other condiment products
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| domain | founded_year | HQ Location |
Heinz is recognized for producing condiments and packaged foods.
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| domain | founded_year | HQ Location |
Biscuits, sauces, bread, and related condiments are produced by Cremica.
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| domain | founded_year | HQ Location |
Capital Foods Limited is engaged in producing packaged food products.
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| domain | founded_year | HQ Location |
Multi-category sauces are offered by this internet-first brand.
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| domain | founded_year | HQ Location |
Ethnic Indian foods, pickles, and curries are produced globally.
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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 Saucery
When was Saucery founded?
Saucery was founded in 2015 and raised its 1st funding round 3 years after it was founded.
Where is Saucery located?
Saucery is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Is Saucery a funded company?
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 16, 2018.
How many employees does Saucery have?
As of Apr 06, 2024, the latest employee count at Saucery is 14.
What is the annual revenue of Saucery?
Annual revenue of Saucery is $486.83K as on Mar 31, 2023.
What does Saucery do?
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.
Who are the top competitors of Saucery?
Saucery's top competitors include Veeba, Heinz and Masterchow.
Who are Saucery's investors?
Saucery has 6 investors. Key investors include Wingreens World, Hindustan Foods, Ajay Sarupria, Jasmine Ajay Sarupria, and Nikhil Vora.
What is Saucery's valuation?
The valuation of Saucery is $716.02K as of Dec 2018.