Cloud-kitchen start-up Bigspoon bags Rs 100 Cr funding from IAN, NB Ventures, Mouni Roy, Anicut & Others

Ahmedabad-based Bigspoon has raised INR 100 crores 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 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,” said Sanjiv Bajaj, IAN Lead Investor.

The company intends to utilize 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.

“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,” shared Kapil Mathrani, CEO & Co-Founder, Bigspoon.

Founded in 2019 by Kapil Mathrani and Poojan Thakkar, Bigspoon is a multi-brand, omnichannel cloud kitchen company focusing on Tier-2 cities.

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.

“Anyone who knows me know that I am a big foodie. Good food brings me so much joy. I'm thrilled to be investing into Big Spoon so I can now be a part of spreading that joy to millions of people across the country. Being raised in a small town myself, I especially love that Big Spoon caters network caters to Tier 2 and 3 cities,” pointed actor Mouni Roy.

Bigspoon is one of 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.

“We continue to believe in the cloud kitchen ecosystem of Asia, and that is reflected in our continued belief and backing of Bigspoon. Kapil and the team at Bigspoon have grown at a breakneck pace, geographically and in traction. We will also use BigSpoon network to launch a few brands which are doing well in Dubai and facilitate to bring BigSpoon to Dubai and Middle East markets,” added Neelesh Bhatnagar, Managing Director at NB Ventures.