Bigspoon, a cloud kitchen startup with headquarters in Ahmedabad, has raised INR 100 crore in a funding round from IAN, along with NB Ventures, Go-Ventures, Lets Venture, Grip Invest, and Anicut Capital, and was joined by famous investor Mouni Roy. Roy will also be associated with brand incubation and endorsements.
Creedcap Asia advised Bigspoon on the funding round.
The company plans to use the funds to hire for key leadership positions, expand to more than 250 kitchens across 75 locations nationwide, add brands in popular categories, invest in client technology, and backwards-integrate its supply chain and manufacturing processes.
Bigspoon serves more than 150,000 diners every month from its 80 kitchens, which are spread over 16 states and 35+ cities. It is home to 9 brands with a variety of menu items and cuisines, including Mehfil Biryani by Zakir Khan, Makhni Brothers, Thali Central, and Meals101.
Bigspoon is a multi-brand, omnichannel cloud kitchen startup with a focus on Tier-2 cities that was founded in 2019 by Kapil Mathrani and Poojan Thakkar. Due to the neglected and underpenetrated cloud kitchen markets, the startup aims to democratize the available meal delivery options in Tier-2 and Tier-3 cities. To minimize the gap between the fine-dine and delivered food experiences, the company has also implemented innovation in the manufacturing of food, the selection of menu options, and packaging.
Commenting on the new funding, Kapil Mathrani, CEO and co-founder of Bigspoon, said, “Our journey has been phenomenal, and till now, we have served over 3 million 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.”
Sanjiv Bajaj, an IAN lead investor, said, “The concept of cloud kitchen in India is still nascent and Bigspoon, with its expertise, possesses the right knowledge to revolutionize the sector. It will be filling the gap in the underpenetrated Tier-2 & 3 markets which are still underserved. The funds will serve as a catalyst to boost Bigspoon’s aim to expand its network across India. We are pleased to be a part of this innovative journey. The company has shown explosive growth since inception and we feel these funds will help them achieve next level.”