About TrueCakes
TrueCakes is a company based in Bengaluru (India) founded in 2018 by Vishnuvardhana Reddy.. TrueCakes offers products and services including Rasmalai Cake, Chocolate Truffle Cake, Choco Chips Heart Cake, and Blueberry NewYork Baked Cheesecake. TrueCakes operates in a competitive market with competitors including The Bread Company, cakefizz, Make My Cake, Baker by Chance and Feel Mighty, among others.
- Headquarter Bengaluru, India
- Founders Vishnuvardhana Reddy
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Sectors
ConsumerRetail
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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 Layerbite Foods Private Limited
- Date of Incorporation 20 Sep, 2018
- Jurisdiction Bengaluru, Karnataka, India
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Annual Revenue
$576.58 K (USD)88.68as on Mar 31, 2023
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Net Profit
$5.92 K (USD)-60.98as on Mar 31, 2023
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EBITDA
$8.86 K (USD)-46.94as on Mar 31, 2023
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Latest Funding Round
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Investors
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Employee Count
Employee Count
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Products & Services of TrueCakes
TrueCakes offers a comprehensive portfolio of products and services, including Rasmalai Cake, Chocolate Truffle Cake, Choco Chips Heart Cake, and Blueberry NewYork Baked Cheesecake. 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.
Pure vegetarian cake with rasmalai flavor for Indian desserts
Rich chocolate cake made with pure vegetarian ingredients
Heart-shaped cake with chocolate chips and vegetarian base
Baked cheesecake with blueberry topping, fully vegetarian
Funding Insights of TrueCakes
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Investments & Acquisitions by TrueCakes
| 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 - TrueCakes
| 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 |
Truecakes Comparisons
Competitors of TrueCakes
TrueCakes 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 The Bread Company, cakefizz, Make My Cake, Baker by Chance and Feel Mighty, 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 |
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| domain | founded_year | HQ Location |
Multi-category bakery products are offered via an internet-first model.
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| domain | founded_year | HQ Location |
Online cake offerings and related e-store services in India.
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| domain | founded_year | HQ Location |
Operates an online platform for cake delivery services.
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| domain | founded_year | HQ Location |
Runs a direct-to-consumer brand offering various bakery products.
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| domain | founded_year | HQ Location |
Nutritious brownie products are sold online throughout India.
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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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Frequently Asked Questions about TrueCakes
When was TrueCakes founded?
TrueCakes was founded in 2018.
Where is TrueCakes located?
TrueCakes is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
What is the annual revenue of TrueCakes?
Annual revenue of TrueCakes is $576.58K as on Mar 31, 2023.
What does TrueCakes do?
TrueCakes was established in 2018 by founder Vishnuvardhana Reddy and is based in Bengaluru, India. Operations are centered on an online platform accessible via truecakes.in, where various cakes are sold and delivered. The company functions within the e-commerce sector of the bakery industry, focusing on direct-to-consumer services through digital channels. Geography is limited to India, with emphasis on efficient online ordering and fulfillment processes.
Who are the top competitors of TrueCakes?
TrueCakes's top competitors include The Bread Company, cakefizz and Baker by Chance.
What products or services does TrueCakes offer?
TrueCakes offers Rasmalai Cake, Chocolate Truffle Cake, Choco Chips Heart Cake, and Blueberry NewYork Baked Cheesecake.