Bakingo_official, a bakery startup, successfully completes its inaugural funding round, securing a substantial $16 million. This funding marks a significant milestone for the company, which had operated on a bootstrap model since its inception in 2016. Founded by Himanshu Chawla, Shrey Sehgal, and Suman Patra, Bakingo_official has garnered a strong customer base, having served over 6 million clients.
With the infusion of funds, Bakingo_official aims to enhance its distribution network by doubling its dark kitchens from 75 to 150 and expanding its presence into ten new cities. The ambitious expansion strategy aligns with the company's goal of reaching a broader audience and solidifying its position in the market.
In addition to its standalone operations, Bakingo_official has diversified its sales channels by offering its products on flowerauraofficial, an e-commerce platform specializing in gifting. The platform was established by the same founding team, showcasing their commitment to exploring diverse avenues within the industry.
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