About SweeDesi
SweeDesi is a company based in Pune (India) founded in 2018 by Vinod Kulhari.. SweeDesi has raised $119.58 thousand across 2 funding rounds from investors including Varun Jain and Chetan Bhagel. SweeDesi offers products and services including Sweets, Snacks, and Gift Hampers. SweeDesi operates in a competitive market with competitors including CocoCart, Food Memories, Dilocious, Moipot and Snackative, among others.
- Headquarter Pune, India
- Founders Vinod Kulhari
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Sectors
Retail
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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 Sweedesi Technologies Private Limited
- Date of Incorporation 05 Nov, 2018
- Jurisdiction Pune, Maharashtra, India
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Annual Revenue
$103.49 K (USD)157.63as on Mar 31, 2023
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Net Profit
$-58.81 K (USD)-100.7as on Mar 31, 2023
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EBITDA
$-57.48 K (USD)-189as on Mar 31, 2023
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Total Equity Funding
$119.58 K (USD)
in 2 rounds
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Latest Funding Round
$77.35 K (USD), Angel Round
Jun 02, 2022
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Investors
& 1 more
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Employee Count
Employee Count
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Products & Services of SweeDesi
SweeDesi offers a comprehensive portfolio of products and services, including Sweets, Snacks, and Gift Hampers. 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.
Online platform for traditional Indian sweets and desserts.
Variety of regional Indian snacks for purchase and delivery.
Curated hampers for gifting and festive occasions online.
Funding Insights of SweeDesi
SweeDesi has successfully raised a total of $119.58K across 2 strategic funding rounds. The most recent funding activity was a Angel Round round of $77.35 thousand completed in June 2022. 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 2
- Last Round Angel Round — $77,345
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First Round
First Round
(11 Jan 2020)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2022 | Amount | Angel Round - SweeDesi | Valuation | Varun Jain |
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| Jan, 2020 | Amount | Angel Round - SweeDesi | Valuation | Chetan Bhagel |
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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 SweeDesi
SweeDesi has secured backing from 2 investors, including angel investors. Prominent investors backing the company include Varun Jain and Chetan Bhagel. 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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VJ
Varun Jain |
Co-founder of Miles Education, active angel investor in edtech and fintech.
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Founded Year | Domain | Location |
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CB
Chetan Bhagel |
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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 SweeDesi
| 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 - SweeDesi
| 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 |
Sweedesi Comparisons
Competitors of SweeDesi
SweeDesi 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 CocoCart, Food Memories, Dilocious, Moipot and Snackative, 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 |
Online platform selling imported chocolates and related products in India.
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| domain | founded_year | HQ Location |
Food products are ordered via an online platform.
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| domain | founded_year | HQ Location |
An online marketplace for ordering Indian snacks and sweets.
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| domain | founded_year | HQ Location |
Online marketplace for Indian sweets, snacks, and food items with global shipping.
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| domain | founded_year | HQ Location |
Operates an e-commerce store focused on a variety of snacks.
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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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Frequently Asked Questions about SweeDesi
When was SweeDesi founded?
SweeDesi was founded in 2018 and raised its 1st funding round 2 years after it was founded.
Where is SweeDesi located?
SweeDesi is headquartered in Pune, India. It is registered at Pune, Maharashtra, India.
Is SweeDesi a funded company?
SweeDesi is a funded company, having raised a total of $119.58K across 2 funding rounds to date. The company's 1st funding round was a Angel Round of $42.23K, raised on Jan 11, 2020.
What is the annual revenue of SweeDesi?
Annual revenue of SweeDesi is $103.49K as on Mar 31, 2023.
What does SweeDesi do?
Online retailer offering snacks and sweets. It includes rasgulla, malai ghewar, mathura peda, burfi, poha, namkeen, jeeravan sev, hing sev, ratlami sev, chevdo, bhakarwadi, and more.
Who are the top competitors of SweeDesi?
SweeDesi's top competitors include Food Memories, CocoCart and Dilocious.
What products or services does SweeDesi offer?
SweeDesi offers Sweets, Snacks, and Gift Hampers.
Who are SweeDesi's investors?
SweeDesi has 2 investors. Key investors include Varun Jain, and Chetan Bhagel.
What is SweeDesi's valuation?
The valuation of SweeDesi is $992.52K as of Jun 2022.