The startup seeks to democratise the food delivery options in Tier-2 & 3 cities
Bigspoon, an Ahmedabad-based cloud kitchen startup, has raised Rs 100 crore in a funding round from IAN, along with NB Ventures, Go-Ventures, Lets Venture, Grip Invest, Anicut Capital, and joined by celebrity investor Mouni Roy, who would also be associated in brand incubation and endorsements. The round was led at IAN by Sanjiv Bajaj.
The company intends to utilise the fund to expand to more than 250 kitchens in 75 cities across the country, add brands in top categories, hire for significant leadership positions, invest in technology for clients, and backward integration for effective production and supply chain.
With 80 kitchens spread throughout 16 states and 35+ cities, Bigspoon caters to 150,000+ diners every month. It houses 9 brands, including Mehfil Biryani by Zakir Khan, Makhni Brothers, Thali Central, and Meals101 spanning various cuisines and menu options. Creedcap Asia advised Bigspoon on the funding round.
Bigspoon, the largest cloud kitchen business in the Tier-2 market, and the only Indian F&B firm with a celebrity brand, serves more than 150,000 diners monthly. With the launch and expansion plans for the upcoming quarter, this number is anticipated to quadruple. By the end of this fiscal year, the startup plans to introduce two new brands and at least 150 new kitchens.