About Spoonshot
Spoonshot is a company based in Bengaluru (India) founded in 2015 by Kishan Vasani and Sai Sreenivas Kodur.. Spoonshot has raised $1.75 million across 3 funding rounds from investors including Techstars, Arts Alliance Ventures and Prizeflex. Spoonshot offers products and services including Trend Watch, Concepts Generator, and F&B Explorer. Spoonshot operates in a competitive market with competitors including Tastewise, Recipe Keeper, NutriCal, Is It Vegan and MyFoodOffice, among others.
- Headquarter Bengaluru, India
- Founders Kishan Vasani, Sai Sreenivas Kodur
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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 Target Research Group, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$1.75 M (USD)
in 3 rounds
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Latest Funding Round
$1.34 M (USD), Series A
Aug 31, 2020
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Investors
Techstars
& 3 more
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Employee Count
Employee Count
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Products & Services of Spoonshot
Spoonshot offers a comprehensive portfolio of products and services, including Trend Watch, Concepts Generator, and F&B Explorer. 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.
Tool for forecasting food trends and market insights.
Generates innovative food concepts and flavor combinations.
Analyzes competitors and data for informed strategies.
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Funding Insights of Spoonshot
Spoonshot has successfully raised a total of $1.75M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $1.34 million completed in August 2020. 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 3
- Last Round Series A — $1.3M
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First Round
First Round
(16 Mar 2017)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Aug, 2020 | Amount | Series A - Spoonshot | Valuation | SRI Capital |
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| Aug, 2018 | Amount | Seed - Spoonshot | Valuation | Techstars | |
| Mar, 2017 | Amount | Seed - Spoonshot | Valuation | Prizeflex |
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| 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 Spoonshot
Spoonshot has secured backing from 4 investors, including venture fund and institutional investors. Prominent investors backing the company include Techstars, Arts Alliance Ventures and Prizeflex. 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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Venture capital firm investing in and supporting early-stage companies across various sectors.
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Founded Year | Domain | Location | |
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Startups are accelerated globally without sector restrictions through structured programs.
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Founded Year | Domain | Location | |
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Investing in enterprise tech, consumer, and health/bio sectors.
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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 Spoonshot
| 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 - Spoonshot
| 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 |
Spoonshot Comparisons
Competitors of Spoonshot
Spoonshot 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 Tastewise, Recipe Keeper, NutriCal, Is It Vegan and MyFoodOffice, 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 AI-based food intelligence solutions for restaurants
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| domain | founded_year | HQ Location |
App for collecting, organizing, and sharing recipes with shopping lists and meal planning.
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| domain | founded_year | HQ Location |
Web-based recipe management solution for the food industry
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| domain | founded_year | HQ Location |
Mobile app scans UPC codes to analyze ingredients for vegan verification.
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| domain | founded_year | HQ Location |
Software application for food recipe analytics
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 Spoonshot
Frequently Asked Questions about Spoonshot
When was Spoonshot founded?
Spoonshot was founded in 2015 and raised its 1st funding round 2 years after it was founded.
Where is Spoonshot located?
Spoonshot is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Who is the current CEO of Spoonshot?
Kishan Vasani is the current CEO of Spoonshot. They have also founded this company.
Is Spoonshot a funded company?
Spoonshot is a funded company, having raised a total of $1.75M across 3 funding rounds to date. The company's 1st funding round was a Seed of $38.07K, raised on Mar 16, 2017.
What does Spoonshot do?
Spoonshot was founded in 2015 in Bengaluru, India, as a platform in the food technology sector. Consumer preferences and emerging food trends are analyzed using food science and machine learning. Services provided include taste intelligence for trend forecasting, personalized recommendations for menu optimization, and guest intelligence for customer insights. Operations focus on supporting restaurants and foodservice companies with data-driven predictions.
Who are the top competitors of Spoonshot?
Spoonshot's top competitors include Tastewise, MyFoodOffice and NutriCal.
What products or services does Spoonshot offer?
Spoonshot offers Trend Watch, Concepts Generator, and F&B Explorer.
Who are Spoonshot's investors?
Spoonshot has 4 investors. Key investors include Techstars, Arts Alliance Ventures, Prizeflex, and SRI Capital.
What is Spoonshot's valuation?
The valuation of Spoonshot is $849.41K as of Mar 2017.