Bigspoon, a cloud kitchen startup, has raised Rs 100 crore ($12.56 million) from Indian Angel Network (IAN) in a strategic investment round.
NB Ventures, Go-Ventures, LetsVenture, Grip Invest, Anicut Capital, and actress Mouni Roy were among the additional investors in this round.
The startup intends to utilise the money to speed up hiring for important senior positions and increase its investment in client technology. It will increase its backward integration and add more brands to its top categories with the new funding in order to fully use its supply chain.
Mouni Roy will participate in startups, brand incubation, and endorsements as part of the investment.
Bigspoon, headquartered in Ahmedabad, was established in 2019 by Kapil Mathrani, Rohan Bhatt, and Poojan Thakkar. This multi-brand cloud kitchen startup is primarily targeted at Tier-II cities.
It asserts that it goes after underserved and under-tapped markets.
Through its kitchen-as-a-service (KaaS) concept, the firm also provides services to other brands, enabling them to use their infrastructure for product delivery. It has a number of brands, including Makhni Brothers, Thali Central, Meals101, and others, and serves more than 1.5 lakh users each month.
“Our journey has been phenomenal, and till now, we have served over 3 Mn customers. With the current infusion of funds, we would look at investing across various verticals, expanding our footprint and adding brands in leading categories. Our incoming and existing investors have faith in our strategy to scale,” said, Kapil Mathrani, cofounder of Bigspoon.
At the moment, it boasts 80 kitchens dispersed across 16 states and more than 35 cities.
The firm wants to increase its geographic reach by opening over 250 kitchens in 80 locations around South-East Asia, the Middle East, and India. By the end of the current fiscal year, the company also expects to launch two new brands and at least 150 new kitchens.
