Online bakery brand Bakingo has raised ₹100 crore (approximately $10.5 million) in a Series B funding round led by existing investor Faering Capital, marking a significant milestone in the company’s growth journey. The investment comes nearly three years after Bakingo’s previous $16 million funding round in November 2023.
According to regulatory filings, FA Gifts Pvt. Ltd., the parent company of Bakingo, allotted 7,436 Series B preference shares at an issue price of ₹1,34,477 per share to raise the fresh capital.
The company said the newly raised funds will be utilised for general business requirements, while also supporting its growth and expansion plans as it continues strengthening its presence in India’s online bakery and food delivery market.
The latest funding has also resulted in a substantial increase in the company’s valuation, which has risen 2.6 times to ₹1,643 crore (approximately $173 million) from ₹627 crore in its previous Series A round, reflecting continued investor confidence in Bakingo’s business model and long-term growth potential.
Founded in 2016 by Himanshu Chawla, Shrey Sehgal, and Suman Patra, Bakingo has established itself as one of India’s leading online bakery brands. The company offers an extensive portfolio of cakes and desserts, including more than 400 unique cake designs, gourmet cakes, cheesecakes, jar cakes, and customised celebration cakes for various occasions.
Its operations are supported by over 100 cloud kitchens across more than 30 Indian cities, enabling the brand to serve customers through a scalable and technology-driven delivery network.
Following the latest share allotment, Faering Capital now holds a 26.31 percent stake in the Gurugram-based company, further reinforcing its commitment to Bakingo’s next phase of expansion.
While Bakingo is yet to file its FY26 financial results, the company reported ₹300 crore in operating revenue during FY25, with a net loss of ₹16.5 crore, according to its standalone financial statements.
The fresh capital positions Bakingo to strengthen its operational capabilities, expand its market reach, and capture rising demand for online bakery products as India’s digital-first food and D2C sectors continue to grow. With increasing consumer preference for convenience, premium desserts, and celebration-focused purchases, the company is well positioned to scale its business and reinforce its presence across existing and new markets.
Source: Based on publicly available reporting, with additional editorial adaptation and analysis.
