Private Equity PE-VC Fund Investments
Online bakery Bakingo raises Rs.100-Cr more from Faering Capital
Source Bakingo (opens in a new tab)Entrackr (opens in a new tab)Ascendants (opens in a new tab)
Gurugram-based Bakingo has raised INR 100 crore in a Series B round from Faering Capital. The firm issued 7,436 preference shares to the investor. This round increases the company’s valuation to INR 1,643 crore. Post investment, Faering Capital holds a 26.31% stake in the business.Founded in 2016 by Himanshu Chawla, Shrey Sehgal, and Suman Patra, Bakingo specializes in cakes and bakery products. The company manages a network of over 100 kitchens and offers a catalogue of more than 400 cake designs.The firm plans to use the proceeds to support business requirements and further growth and expansion initiatives.
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Between Nov 2023 and Feb 2025, Bakingo had attracted about USD 16-M from Faering Capital.For FY25, Bakingo had reported about INR 301-Cr in Operating Income and about INR 17-Cr in Net Loss.