About Spice Story
Spice Story is a company based in Mumbai (India) founded in 2019 by Gayatri Gogate, Vibhor Rastogi, and Soumyadeep Mukherjee.. Spice Story has raised $1.15 million across 7 funding rounds from investors including Venture Catalysts, LetsVenture and Sat Industries. Spice Story offers products and services including Mumbai Pav Bhaji Masala, Shahi Biryani Masala, Shahi Garam Masala, Spice Story Must Have Spice Trio, and Spice Story India Combo. Spice Story operates in a competitive market with competitors including Iyurved, Happy Jars, Honey and Spice, Kalchi and Funtrip, among others.
- Headquarter Mumbai, India
- Founders Gayatri Gogate, Vibhor Rastogi, Soumyadeep Mukherjee
- Stage Minicorn
-
Sectors
ConsumerRetail
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Globalvalue Food And Condiments Private Limited
- Date of Incorporation 19 Jul, 2019
- Jurisdiction Mumbai, Maharashtra, India
-
Annual Revenue
$169.51 K (USD)0as on Mar 31, 2021
-
Net Profit
$-87.45 K (USD)-15025.16as on Mar 31, 2021
-
EBITDA
$-85.05 K (USD)-14610.1as on Mar 31, 2021
-
Total Equity Funding
$1.15 M (USD)
in 7 rounds
-
Latest Funding Round
$153.67 K (USD), Angel Round
Mar 06, 2023
-
Investors
Venture Catalysts
& 56 more
-
Employee Count
Employee Count
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Products & Services of Spice Story
Spice Story offers a comprehensive portfolio of products and services, including Mumbai Pav Bhaji Masala, Shahi Biryani Masala, Shahi Garam Masala, Spice Story Must Have Spice Trio, and Spice Story India Combo. 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.
Spice mix for preparing traditional Pav Bhaji dish
Masala for authentic Biryani preparation
Blend of spices for general Indian cooking
Set of essential spices for everyday use
Pack of Indian spices for varied recipes
Funding Insights of Spice Story
Spice Story has successfully raised a total of $1.15M across 7 strategic funding rounds. The most recent funding activity was a Angel Round round of $153.67 thousand completed in March 2023. 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 7
- Last Round Angel Round — $153,668
-
First Round
First Round
(01 Dec 2020)
- Investors Count 57
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2023 | Amount | Angel Round - Spice Story | Valuation | Neeraj Bansal , Swaroop Singh |
|
| Jan, 2023 | Amount | Angel Round - Spice Story | Valuation | Namita Thapar |
|
| Nov, 2022 | Amount | Seed - Spice Story | Valuation | Anand Dhodapkar , Abhijit Ingole |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Spice Story
Spice Story has secured backing from 57 investors, including angel, venture fund, and institutional investors. Prominent investors backing the company include Venture Catalysts, LetsVenture and Sat Industries. 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 |
|---|---|---|---|---|
|
Financial services platform offering asset management, wealth management, and private equity in India.
|
Founded Year | Domain | Location | |
|
Association focused on investment consulting and guidance for investors
|
Founded Year | Domain | Location | |
|
Venture capital funding is provided to multiple sectors by Maxar.vc.
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Spice Story
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - Spice Story
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Spice Story Comparisons
Competitors of Spice Story
Spice Story 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 Iyurved, Happy Jars, Honey and Spice, Kalchi and Funtrip, 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 |
Offers natural supplements for kids' speech, focus, and gut health through online sales.
|
|
| domain | founded_year | HQ Location |
Brand of peanut butter
|
|
| domain | founded_year | HQ Location |
Provider of premium organic raw honey and gourmet food products
|
|
| domain | founded_year | HQ Location |
Manufacturer and supplier of food products
|
|
| domain | founded_year | HQ Location |
Produces and supplies sauces, mayonnaise, and other food items.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Frequently Asked Questions about Spice Story
When was Spice Story founded?
Spice Story was founded in 2019 and raised its 1st funding round 1 year after it was founded.
Where is Spice Story located?
Spice Story is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Who is the current CEO of Spice Story?
Soumyadeep Mukherjee is the current CEO of Spice Story. They have also founded this company.
Is Spice Story a funded company?
Spice Story is a funded company, having raised a total of $1.15M across 7 funding rounds to date. The company's 1st funding round was a Seed of $21.73K, raised on Dec 01, 2020.
What is the annual revenue of Spice Story?
Annual revenue of Spice Story is $169.51K as on Mar 31, 2021.
What does Spice Story do?
Spice Story was founded in 2019 in Mumbai, India, within the food manufacturing sector. A range of spice blends for Indian dishes and various chutneys is produced through handcrafted processes with high-quality ingredients. Operations emphasize traditional recipes to deliver authentic flavors. Products are designed for convenient use in preparing Indian cuisine, with quality standards upheld across all offerings.
Who are the top competitors of Spice Story?
Spice Story's top competitors include Kalchi, Happy Jars and Honey and Spice.
What products or services does Spice Story offer?
Spice Story offers Mumbai Pav Bhaji Masala, Shahi Biryani Masala, Shahi Garam Masala, Spice Story Must Have Spice Trio, and Spice Story India Combo.
Who are Spice Story's investors?
Spice Story has 57 investors. Key investors include Venture Catalysts, LetsVenture, Sat Industries, Ventureland Asia, and Agility Ventures.
What is Spice Story's valuation?
The valuation of Spice Story is $3.21M as of Mar 2023.