VC Fund Investments
Cloud kitchen co Bigspoon raises Rs.100-Cr from IAN, NB Ventures, Mouni Roy, others
Ahmedabad-based cloud kitchen startup Bigspoon has raised INR 100 crore (USD 12.56 million) in a funding round led by Indian Angel Network (IAN). The round also saw participation from NB Ventures, Go-Ventures, LetsVenture, Grip Invest, Anicut Capital, and actor Mouni Roy. Founded in 2019, Bigspoon claims to target underserved and underpenetrated markets. It also offers services to other brands under its Kitchen-as-a-Service model (KaaS), allowing them to leverage its infrastructure to deliver products. The startup had last raised USD 2 million from Grip Invest as part of a lease financing deal. Bigspoon claims to currently have 80 kitchens spread across 16 states and more than 35 cities. Bigspoon will use the new funding to expand its footprint and to add more than 250 kitchens across 80 cities in India, South-East Asia and the Middle East besides adding more brands to its categories. It will also use the capital to ramp up hiring for leadership positions and to invest more in technology.
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