FRESH FROM THE OVEN
Entrepreneur magazine|January 2024
THE RISE OF BAKING STARTUPS
S SHANTHI
FRESH FROM THE OVEN

Up until six or seven years ago, baking was a highly unorganized segment. Today, we see many of these businesses taking the startup route, rising funding, and expanding to different locations. For instance, recently, Bakingo raised its first-ever round of growth capital of $16 million from private equity firm Faering Capital. With this investment, the company aims to have a strong pan-India market presence.

It is currently present in cities like Gurugram, Delhi, Noida, Bengaluru, Hyderabad, Mumbai, Jaipur, Chandigarh, Lucknow, Meerut, Panipat, Karnal and Rohtak. We also have startups such as WarmOven, Paris Bakery, The Bread Company, Le15, BREA, Just Bake, and Paris Bakery in the space and most of them have taken the institutional funding route to expand further.

According to Tracxn, WarmOven has raised a total funding of $1.55M over 2 rounds, The Bread Company has raised a total funding of $2.62M over 4 rounds, and Le15 a total funding of $1.04M. What makes these startups stand out from the crowd of unorganized bakeries is that they leverage advanced technologies such as artificial intelligence, ChatGPT, machine learning and specialize in business models such as cloud kitchens and delivery through aggregator platforms.

A HOT SEGMENT

Some years ago, the baking industry operated in a relatively unorganized manner, marked by a lack of structure and many independent players that lacked scalability. However, over the past three to five years, the baking industry has witnessed a remarkable transformation from being an unorganized segment to a thriving ecosystem of startups. "Many brands like ours have reshaped the dynamics of the market, filling previously unexplored and empty spaces and paving the way for innovation and growth," says Himanshu Chawla, founder and CEO, Bakingo.

Bu hikaye Entrepreneur magazine dergisinin January 2024 sayısından alınmıştır.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

Bu hikaye Entrepreneur magazine dergisinin January 2024 sayısından alınmıştır.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

ENTREPRENEUR MAGAZINE DERGISINDEN DAHA FAZLA HIKAYETümünü görüntüle
How To Ask Family For Money
Entrepreneur magazine

How To Ask Family For Money

Your friends-and-family fundraising round doesn't have to be scary and awkward. Here's advice from one of the world's leading investors.

time-read
3 dak  |
November 2024
Data Breach Drama: When Trust Turns Costly In A Digital Age
Entrepreneur magazine

Data Breach Drama: When Trust Turns Costly In A Digital Age

Amid data breaches surges, Indian businesses are prone to financial and reputational fallout. Can cyber insurance emerge as a safeguard?

time-read
4 dak  |
November 2024
THE TERRAIN TAMER
Entrepreneur magazine

THE TERRAIN TAMER

Spearheading a California-based, Series D SaaS company is no easy feat. It requires a blend of ownership, innovation, and the ability to handle stress. But Anand Jain, co-founder and chief product officer of Clever Tap, finds his calm by escaping to rough terrain whenever he gets the chance-be it India or Colombia.

time-read
2 dak  |
November 2024
THE INTELLIGENT READS
Entrepreneur magazine

THE INTELLIGENT READS

Hardika Shah founded Kinara Capital in 2011 with the mission to address the acute credit gap in the micro-small-medium-enterprises (MSME) sector in India, by providing fast and flexible business capital to small business entrepreneurs. Despite operating in highly competitive and tough market of collateral free loans, Kinara Capital has been steadily growing in Hardika's leadership. In conversation with Entrepreneur, Hardika shares insights on her favourite books.

time-read
1 min  |
November 2024
THE CURSE OF GROWING TOO FAST
Entrepreneur magazine

THE CURSE OF GROWING TOO FAST

FAIRE is a platform for small businesses, but it grew big the wrong way-almost becoming a $12 billion wreck. Here's how it fixed the problem, and why you should think twice before skyrocketing.

time-read
10+ dak  |
November 2024
There's No Perfect Answer
Entrepreneur magazine

There's No Perfect Answer

I worked the same job for 19 years. I hated it, but it paid the bills. Then, in 2017, I entertained an exciting but terrifying question: Could I be an entrepreneur? I wasn't sure, so I needed something that felt like a guarantee. I searched for signs that would feel like a big, clear \"yes!\"

time-read
1 min  |
November 2024
Give Yourself the Gift of Time
Entrepreneur magazine

Give Yourself the Gift of Time

Happy holidays! Emmy Award-winning tech expert Mario Armstrong has five recs to get more hours in the day.

time-read
2 dak  |
November 2024
How to Become a Main Street Millionaire
Entrepreneur magazine

How to Become a Main Street Millionaire

It started when I bought one little laundromat. Now I have a whole portfolio of small local businesses that bring in tens of millions in revenue a year. Here's why following my playbook could be your ticket to financial freedom-and saving America's local small businesses.

time-read
5 dak  |
November 2024
Want to Better Serve Your Clients? Become Them.
Entrepreneur magazine

Want to Better Serve Your Clients? Become Them.

As a designer for brands, starting my own product company gave me a dose of humility-and it changed the way I relate to clients.

time-read
3 dak  |
November 2024
How to Succeed With Gen Z Workers
Entrepreneur magazine

How to Succeed With Gen Z Workers

People often say that younger employees are different. But are they? We asked six business leaders what they've learned, and how their teams thrive.

time-read
2 dak  |
November 2024