About Spice Story
Spice Story is a Consumer company based in Mumbai (India) founded in 2019 by Gayatri Gogate, Vibhor Rastogi, and Soumyadeep Mukherjee. Manufacturer of authentic Indian spice blends and chutneys. It operates in the Consumer and Retail sectors. Spice Story has raised $1.15 million across 8 funding rounds from investors including Venture Catalysts, LetsVenture and Sat Industries. Spice Story was last valued at $3.21 million in March 2023. Its chief executive, as recorded, is Soumyadeep Mukherjee. Its Indian entity Globalvalue Food And Condiments Private Limited reported revenue of ₹2.41 Cr. 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. Its focus areas include Food and Agriculture Tech, Online Grocery, B2C Ecommerce and Spices. Its competitors include Iyurved, Happy Jars and Honey and Spice; 1 of its 3 listed competitors has raised funding.
Company details
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.
- Headquarters Mumbai, India
- Founders Gayatri Gogate, Vibhor Rastogi, Soumyadeep Mukherjee
- Stage Minicorn
- SectorsConsumerRetail
- Email••••••••
- Phone•••• ••••
- Website spicestoryworld.com
- Social LinkedIn X Facebook Instagram YouTube
- Legal Name Globalvalue Food And Condiments Private Limited
- Date of Incorporation 19 Jul, 2019
- Jurisdiction Mumbai, Maharashtra, India
- Annual Revenue₹2.41 Cr
FY 2022 · +91% YoY
- Net Loss-₹1.56 Cr
FY 2022 · -65% margin
- EBITDA-₹1.53 Cr
FY 2022 · -63% margin
- Total Equity Funding$1.15M (USD)
in 8 rounds
- Latest Funding Round$153.67K (USD), Angel Round
Mar 2023
- InvestorsVenture Catalysts
& 56 more
Associated legal entities of Spice Story
Spice Story operates through Globalvalue Food And Condiments Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2022) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Globalvalue Food And Condiments Private Limited CIN U51909MH2019PTC328278 | Active | 19 Jul 2019 | Mumbai, Maharashtra | ₹2.4 Cr | 3 | View details |
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.
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
Apps and channels of Spice Story
its YouTube channel Spice Story has 218 subscribers and 23 videos.
Videos from Spice Story
The most watched videos on Spice Story's YouTube channel, Spice Story (218 subscribers). Click a video to play it here.
More on Spice Story.
Funding Insights of Spice Story
Spice Story has successfully raised a total of $1.15M across 8 strategic funding rounds. The most recent funding activity was a Angel 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 $1.15M
- Total Rounds 8
- Last Round Angel Round — $153,668
- First Round $400,000
(Dec 2020)
- Investors Count 57
All 8 funding rounds of Spice Story 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 |
|---|---|---|---|---|---|
| Mar 2023 | $153,668 | Angel Round | $3.21M | Neeraj Bansal, Swaroop Singh | – |
| Jan 2023 | $85,889 | Angel Round | – | Namita Thapar | – |
| Nov 2022 | $21,726 | Seed | $4.73M | Anand Dhodapkar, Abhijit Ingole | |
| Mar 2022 | Seed | $••••• | NAFA Capital Advisors | ||
| Sep 2021 | $327,414 | Seed | $••••• | NAFA Capital Advisors, LetsVenture | |
| Mar 2021 | $162,305 | Seed | $••••• | Laxachem Organics, Anupam Harinarayan Bokey | |
| Jan 2021 | Seed | – | – | – | |
| Dec 2020 | $400,000 | Seed | – | Venture Catalysts | – |
| Date | Valuation | Stage |
|---|---|---|
| Mar 2023 | $3.21M | •••••••• |
| Nov 2022 | $4.73M | •••••••• |
| Mar 2022 | $••••• | •••••••• |
| Sep 2021 | $••••• | •••••••• |
| Mar 2021 | $••••• | •••••••• |
Full valuation and stage history of Spice Story
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
- All valuation points
- Stage changes
- Dates
- Exports
Verified entity values are shown only after access is granted.
Last known valuation $3.21M (Mar 2023). 57 investors in total: 9 institutional and 48 angel.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Financial services platform offering asset management, wealth management, and private equity in India. | 1995 | nafacapital.com | Mumbai, India | |
Association focused on investment consulting and guidance for investors | 2020 | agilityventures.in | Gurugram, India | |
Venture capital funding is provided to multiple sectors by Maxar.vc. | maxar.vc | Mumbai, India | ||
Early-stage startup ecosystem is supported by Venture Catalysts in India. | 2015 | venturecatalysts.in | Mumbai, India | |
Venture capital firm investing in entrepreneurs | 2017 | venturelandasia.com | Mumbai, India | |
Online platform that connects startup founders with accredited investors, enabling early-stage fundraising and investment opportunities for private market growth | 2013 | letsventure.com | Bengaluru, India | |
PP/HDPE woven bags are manufactured by Sat Industries. | 1984 | satgroup.in | Mumbai, India | |
Laxachem Organics is engaged in manufacturing pharmaceutical raw materials. | 1994 | laxachem.com | Mumbai, India | |
NB Neeraj Bansal | Angel investor and entrepreneur, focusing on tech startups in India. | unknown_ed62e5abcb0f46af9 |
Investor details for Spice Story
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Globalvalue Food And Condiments Private Limited (Spice Story)
Globalvalue Food And Condiments Private Limited is the primary company behind Spice Story. The board of Globalvalue Food And Condiments Private Limited currently have 3 directors; the longest-serving is Dilip Kumar Mukherjee, appointed in 2019. 2 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Dilip Kumar Mukherjee DIN 07972554 | Director | 19 Jul 2019 | 7 yrs 3 mo | Globalvalue Food And Condiments Private Limited |
| Gayatri Swanand Gogate DIN 09341707 | Director | 30 Sep 2021 | 5 yrs 1 mo | Globalvalue Food And Condiments Private Limited |
| Soumyadeep Mukherjee DIN 05253790 | Director | 30 Nov 2021 | 4 yrs 11 mo | Globalvalue Food And Condiments Private Limited |
People of Spice Story
3 people are tracked at Spice Story (3 in leadership).
| Name | Role | Group |
|---|---|---|
| Co-Founder & CMO | Leadership | |
Vibhor Rastogi | Co-Founder | Leadership |
| Co-Founder & CEO | Leadership |
Complete people profiles for Spice Story
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of Spice Story
Figures of Globalvalue Food And Condiments Private Limited, the primary company behind Spice Story, for FY 2022. Revenue was ₹2.41 Cr (+91% year on year). Net loss was -₹1.56 Cr (-65% margin). EBITDA was -₹1.53 Cr (-63% margin).
- ₹2.41 CrRevenue · FY 2022 · +91% YoY
- -₹1.56 CrNet loss · -65% margin
- -₹1.53 CrEBITDA · -63% margin
- ₹1.4 LakhPaid-up capital
Balance sheet, profit and loss, cash flow and ratios of Globalvalue Food And Condiments Private Limited are on its company page.
Detailed financial statements for Spice Story
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
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- Downloads
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Timeline of Spice Story
4 dated milestones of Spice Story across 4 years, from founding to its latest funding, stage changes and deals.
- Founded Spice Story is founded.
- Funding First funding round of $400K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Angel Round, of $154K.
Competitors of Spice Story
Spice Story has 3 listed competitors in our database, 1 of them funded. They include Iyurved, Happy Jars and Honey and Spice.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| iyurved.com | 2020 | Bengaluru, India | Offers natural supplements for kids' speech, focus, and gut health through online sales. | |||
| happyjars.com | 2016 | Delhi, India | $818,628 | 18 | Brand of peanut butter | |
| honeyandspice.in | 2013 | Bengaluru, India | 22 | Provider of premium organic raw honey and gourmet food products |
Detailed competitors of Spice Story
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of Spice Story
The website of Spice Story (spicestoryworld.com) receives about 4.9K visits a month.
- Monthly visits4.9K
▼ 60.6% vs previous month
Websites whose visitors overlap most with Spice Story. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| thestateplate.com | 100% | 11K | #2,146,036 | View details | |
| foodwalas.com | 91% | 11.2K | #2,146,969 | View details | |
| banglakonnection.com | 87% | #1,050,045 | View details | ||
daivikorganic.com | daivikorganic.com | 77% | #2,239,744 | – | |
| bombucha.in | 74% | 10.3K | #2,095,258 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 8 similar websites and full traffic analytics for Spice Story
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 8 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
Top companies in Food & Beverage Products & Processing
3 companies that operate in the same segment as Spice Story (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 Spice Story
Spice Story was founded in 2019 and raised its 1st funding round 1 year after it was founded.
Spice Story is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Soumyadeep Mukherjee is the CEO of Spice Story, as recorded in our data. They have also founded this company.
Spice Story is a funded company, having raised a total of $1.15M across 8 funding rounds to date. The company's 1st funding round was a Seed of $400K, raised on Dec 2020.
The primary company behind Spice Story, Globalvalue Food And Condiments Private Limited, reported revenue of ₹2.41 Cr for FY 2022, up 91% year on year.
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.
Spice Story's top competitors include Happy Jars, Honey and Spice and Iyurved.
Spice Story offers Mumbai Pav Bhaji Masala, Shahi Biryani Masala, Shahi Garam Masala, Spice Story Must Have Spice Trio, and Spice Story India Combo.
Spice Story has 57 investors. Key investors include Venture Catalysts, LetsVenture, Sat Industries, Ventureland Asia, and Agility Ventures.
The valuation of Spice Story is $3.21M as of Mar 2023.
Spice Story operates through Globalvalue Food And Condiments Private Limited.
The legal entities of Spice Story currently have 3 directors, including Soumyadeep Mukherjee, Dilip Kumar Mukherjee, Gayatri Swanand Gogate.