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. 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.
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.
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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.
- Total Funding Total Funding
- Total Rounds 7
- Last Round Series B — $74.5M
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First Round
First Round
(21 Dec 2007)
- Investors Count 9
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2023 | Amount | Series B - Suminter | Valuation | Danish Sustainable Development Goals Investment Fund , Morgan Stanley | |
| Aug, 2018 | Amount | Series B - Suminter | Valuation | responsAbility |
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| Feb, 2015 | Amount | Series A - Suminter | Valuation | Capricorn |
| 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 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. 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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Private equity firm focused on multiple sectors
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Founded Year | Domain | Location | |
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Venture capital firm that partners with entrepreneurs for product-first companies.
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Founded Year | Domain | Location | |
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Private equity investment firm
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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 Suminter
| 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 - Suminter
| 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 |
Suminter Comparisons
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. 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 |
AI-powered technology is developed for food product innovation and development.
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| domain | founded_year | HQ Location |
Automated vending machines for fresh meals and snacks are operated.
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| domain | founded_year | HQ Location |
Brand of meat and plant based products
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| domain | founded_year | HQ Location |
Internet first brand offering multi-category organic grocery products
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| domain | founded_year | HQ Location |
Organic pulses, oil seeds, and grains are produced and supplied.
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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 Suminter
Frequently Asked Questions about Suminter
When was Suminter founded?
Suminter was founded in 2004 and raised its 1st funding round 3 years after it was founded.
Where is Suminter located?
Suminter is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Is Suminter a funded company?
Suminter is a funded company, having raised a total of $105.81M across 7 funding rounds to date. The company's 1st funding round was a Series A of $5.63M, raised on Dec 21, 2007.
How many employees does Suminter have?
As of Oct 31, 2024, the latest employee count at Suminter is 358.
What is the annual revenue of Suminter?
Annual revenue of Suminter is $115.7M as on Mar 31, 2023.
What does Suminter do?
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.
Who are the top competitors of Suminter?
Suminter's top competitors include NotCo, Farmer's Fridge and Conscious Foods.
What products or services does Suminter offer?
Suminter offers Spices, Coconut, Sweeteners, Oil Seeds, and Millets and Pulses.
Who are Suminter's investors?
Suminter has 9 investors. Key investors include Morgan Stanley, Nexus Venture Partners, FMO, responsAbility, and IFU.
What is Suminter's valuation?
The valuation of Suminter is $186.88M as of Jan 2023.