About Suminter
Suminter is a company based in Mumbai (India) founded in 2004 by Sameer Mehra. Suminter has raised $105.81 million across 7 funding rounds from investors including Morgan Stanley, Nexus Venture Partners and FMO. The company has 358 employees as of October 31, 2024. Suminter offers products and services including Spices, Coconut, Sweeteners, Oil Seeds, and Millets and Pulses. Suminter operates in a competitive market with competitors including NotCo, Farmer's Fridge, LIVEKINDLY Collective, Bolthouse Farms and Natureland Organics, among others.
- Headquarter Mumbai, India
- Employees 358 as on 31 Oct, 2024
- Founders Sameer Mehra
- 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
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Annual Revenue
$115.7 M (USD)22as on Mar 31, 2023
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Net Profit
$6.78 M (USD)-7as on Mar 31, 2023
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EBITDA
$11.58 M (USD)-4as on Mar 31, 2023
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Total Equity Funding
$105.81 M (USD)
in 7 rounds
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Latest Funding Round
$74.5 M (USD), Series B
Jan 30, 2023
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Investors
Morgan Stanley
& 8 more
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Employee Count
358
as on Oct 31, 2024
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Products & Services of Suminter
Suminter offers a comprehensive portfolio of products and services, including Spices, Coconut, Sweeteners, Oil Seeds, and Millets and Pulses.
Natural organic spices for culinary and industrial use.
Organic coconut items including oil and derivatives.
Natural organic sweeteners from plant sources.
Organic seeds used for oils and food applications.
Nutritious organic millets and pulses for health foods.
People of Suminter
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Funding Insights of Suminter
Suminter has successfully raised a total of $105.81M across 7 strategic funding rounds. The most recent funding activity was a Series B round of $74.5 million completed in January 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.
Investors in Suminter
Suminter has secured backing from 9 investors, including venture fund and institutional investors. Prominent investors backing the company include Morgan Stanley, Nexus Venture Partners and FMO.
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Private equity firm focused on multiple sectors
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Venture capital firm that partners with entrepreneurs for product-first companies.
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Investor details for Suminter
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Investments & Acquisitions by Suminter
Investment portfolio details for Suminter
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Financial Statements - Suminter
Detailed financials for Suminter
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Suminter Comparisons
Peer comparison for Suminter
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Competitors of Suminter
Suminter 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 NotCo, Farmer's Fridge, LIVEKINDLY Collective, Bolthouse Farms and Natureland Organics, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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AI-powered technology is developed for food product innovation and development.
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Automated vending machines for fresh meals and snacks are operated.
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Brand of meat and plant based products
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Internet first brand offering multi-category organic grocery products
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Organic pulses, oil seeds, and grains are produced and supplied.
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Detailed competitors of Suminter
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Latest news on Suminter
Complete news archive for Suminter
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Frequently Asked Questions about Suminter
Suminter was founded in 2004 and raised its 1st funding round 3 years after it was founded.
Suminter is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Suminter is a funded company, having raised a total of $105.81M across 7 funding rounds to date.
As of Oct 31, 2024, the latest employee count at Suminter is 358.
Annual revenue of Suminter is $115.7M as on Mar 31, 2023.
Suminter India Organics was founded in 2004 and is headquartered in Mumbai, India. Organic cereals, pulses, oilseeds, nuts, spices, herbs, and sugarcane are traded by the company, which procures from 20,000 marginal farmers across nine states covering 100,000 acres on contract and turnkey bases. Processing and packaging occur before sales to buyers in the US and Europe. Training in organic practices, including seed selection and bio-fertilizers, is provided to farmers.
Suminter's top competitors include NotCo, Farmer's Fridge and Conscious Foods.
Suminter offers Spices, Coconut, Sweeteners, Oil Seeds, and Millets and Pulses.
Suminter has 9 investors. Key investors include Morgan Stanley, Nexus Venture Partners, FMO, responsAbility, and IFU.
The valuation of Suminter is $186.88M as of Jan 2023.