About Smoor Chocolates
Smoor Chocolates is a company based in Bengaluru (India) founded in 2015 by Vimal Sharma and Nadeem Ahmad was acquired by Rebel Foods in April 2022.. Smoor Chocolates has raised $7.76 million across 5 funding rounds from investors including Rebel Foods, Klub and Ramchandra Shastry. The company has 809 employees as of March 30, 2024. Smoor Chocolates offers products and services including Luxury Couverture Chocolates, Signature Cakes, Gift Hampers, Cookies, and Macarons. Smoor Chocolates operates in a competitive market with competitors including Cadbury, Manam Chocolate, Lotte India, Morde Foods and Ruchoks, among others.
- Headquarter Bengaluru, India
- Employees 809 as on 30 Mar, 2024
- Founders Vimal Sharma, Nadeem Ahmad
- Stage Minicorn
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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
*********
- Legal Name Bliss Chocolates India Private Limited
- Date of Incorporation 27 Mar, 2015
- Jurisdiction Bangalore South, Karnataka, India
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Annual Revenue
$15.43 M (USD)53.42as on Mar 31, 2023
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Net Profit
$-2.08 M (USD)-108.46as on Mar 31, 2023
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EBITDA
$353.71 K (USD)253.22as on Mar 31, 2023
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Total Equity Funding
$7.76 M (USD)
in 5 rounds
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Latest Funding Round
$5.29 M (USD), Series A
Mar 31, 2022
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Investors
Rebel Foods
& 9 more
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Employee Count
809
as on Mar 30, 2024
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Acquired by
Rebel Foods
(Apr 07, 2022)
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Products & Services of Smoor Chocolates
Smoor Chocolates offers a comprehensive portfolio of products and services, including Luxury Couverture Chocolates, Signature Cakes, Gift Hampers, Cookies, and Macarons. 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.
Premium boxed chocolates for gifting and snacking purposes
Variety of cakes designed for celebrations and events
Customized hampers with chocolates and treats for occasions
Baked cookies offered as snacks or gifts
French-style macarons for dessert and gifting options
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Funding Insights of Smoor Chocolates
Smoor Chocolates has successfully raised a total of $7.76M across 5 strategic funding rounds. The most recent funding activity was a Series A round of $5.29 million completed in March 2022. 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 5
- Last Round Series A — $5.3M
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First Round
First Round
(26 May 2018)
- Investors Count 10
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2022 | Amount | Series A - Smoor Chocolates | Valuation | Rebel Foods |
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| Jul, 2021 | Amount | Seed - Smoor Chocolates | Valuation | Klub |
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| Sep, 2020 | Amount | Angel Round - Smoor Chocolates | Valuation | Gaurav Sureka |
| 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 Smoor Chocolates
Smoor Chocolates has secured backing from 10 investors, including institutional and angel investors. Prominent investors backing the company include Rebel Foods, Klub and Ramchandra Shastry. 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 offered via an internet restaurant platform.
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Founded Year | Domain | Location | |
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Fintech platform for revenue-based financing to digital businesses is provided.
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Founded Year | Domain | Location | |
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RS
Ramchandra Shastry |
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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 Smoor Chocolates
| 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 - Smoor Chocolates
| 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 |
Smoor Chocolates Comparisons
Competitors of Smoor Chocolates
Smoor Chocolates 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 Cadbury, Manam Chocolate, Lotte India, Morde Foods and Ruchoks, 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 |
Confectionery products are manufactured and distributed globally by Cadbury.
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| domain | founded_year | HQ Location |
Produces Indian craft chocolate through farming, making, and online sales.
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| domain | founded_year | HQ Location |
Manufactures and sells confectionery items like chocolates, gums, and toffees.
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| domain | founded_year | HQ Location |
Produces premium chocolate and cocoa for B2B clients worldwide.
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| domain | founded_year | HQ Location |
Specializes in comprehensive solutions for handmade chocolate products.
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| domain | founded_year | HQ Location |
Hard-boiled sugar confectionery and cakes are manufactured by the company.
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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 Smoor Chocolates
Frequently Asked Questions about Smoor Chocolates
When was Smoor Chocolates founded?
Smoor Chocolates was founded in 2015 and raised its 1st funding round 3 years after it was founded.
Where is Smoor Chocolates located?
Smoor Chocolates is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Who is the current CEO of Smoor Chocolates?
Vimal Sharma is the current CEO of Smoor Chocolates. They have also founded this company.
Is Smoor Chocolates a funded company?
Smoor Chocolates is a funded company, having raised a total of $7.76M across 5 funding rounds to date. The company's 1st funding round was a Angel Round of $474.95K, raised on May 26, 2018.
How many employees does Smoor Chocolates have?
As of Mar 30, 2024, the latest employee count at Smoor Chocolates is 809.
What is the annual revenue of Smoor Chocolates?
Annual revenue of Smoor Chocolates is $15.43M as on Mar 31, 2023.
What does Smoor Chocolates do?
Smoor Chocolates was founded in 2015 in Bengaluru, India, within the confectionery and food sector. A selection of products including cookies, cakes, pastries, cupcakes, pralines, macarons, and baked delicacies is provided, alongside pasta, pizza, sandwiches, salads, wraps, and burgers. Luxury gift hampers are available, with expansion into ice cream and prepackaged chocolate beverages in progress. Operations focus on complementary dessert categories.
Who are the top competitors of Smoor Chocolates?
Smoor Chocolates's top competitors include Cadbury, Lotte India and Prayagh.
What products or services does Smoor Chocolates offer?
Smoor Chocolates offers Luxury Couverture Chocolates, Signature Cakes, Gift Hampers, Cookies, and Macarons.
Who are Smoor Chocolates's investors?
Smoor Chocolates has 10 investors. Key investors include Rebel Foods, Klub, Ramchandra Shastry, Gaurav Sureka, and Syed Akhib.
What is Smoor Chocolates's valuation?
The valuation of Smoor Chocolates is $44.35M as of Mar 2022.
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