Bakingo Raises Rs 100 Cr at 2.6X Higher Valuation in Series B
Anyone who has ever ordered a cake at 11 pm for a birthday that slipped their mind knows the panic. Bakingo has built a business now valued at Rs 1,643 crore (about $173 million) on exactly that moment. The online bakery startup has raised Rs 100 crore (around $10.5 million) in a Series B round from existing investor Faering Capital, at a valuation nearly 2.6 times higher than its last round.
The money came through 7,436 Series B preference shares allotted at Rs 1,34,477 each by FA Gifts Pvt Ltd, the company’s parent, per a Registrar of Companies filing. It will go towards general business needs and expansion.
From Rs 627 crore to Rs 1,643 crore
That valuation jump is a rare thing in today’s funding market. Most startups are happy to hold their valuation flat, and here is a bakery nearly tripling it. Faering Capital, which first backed the company with $16 million in November 2023, now holds a 26.31% stake in the Gurugram-based startup.
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A bakery with 100 kitchens
Founded in 2016 by Himanshu Chawla, Shrey Sehgal and Suman Patra, Bakingo runs more than 100 kitchens across 30-plus cities, delivering over 400 cake designs. Cheesecakes, gourmet cakes, jar cakes, customized cakes for every occasion. The company is also going omnichannel, with plans to take its kitchen count to 200.
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Revenue crossed Rs 300 crore
The numbers back the confidence. Bakingo reported Rs 300 crore in revenue in FY25, with a loss of Rs 16.5 crore. A year earlier it crossed Rs 208 crore, up 43%. From Rs 75 crore in FY22 to Rs 300 crore in FY25, the growth has been steady and real. FY26 numbers are yet to be filed.
Why it matters
In India, a cake is never just a cake. It is a birthday surprise, an apology, a promotion celebration. The brand that shows up on time becomes part of that memory, and Bakingo’s entire model is built on showing up on time. With Rs 100 crore in the bank, the company can open more kitchens, reach smaller cities and cut delivery times further. For a startup that began with one small kitchen in 2016, that is a sweet place to be.
Sudip Kumar is a Writer at Bharat Fast, contributing to the platform for more than six months. With an interest in startups, entrepreneurship, digital media and graphics designing, he enjoys exploring emerging businesses and sharing informative stories with readers.
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