In a decisive action that demonstrates an increase in investor confidence in India’s premium food and hospitality space, Hunger Inc, the holding company of Bombay Sweet Shop, The Bombay Canteen, O Pedro, Veronica’s, and Papa’s, has raised ₹215 crore in a new funding round which is headed by Lighthouse and DSG Consumer Partners.
The latest infusion marks a crucial milestone for the Mumbai-based group, which has built a strong reputation for blending culinary creativity with modern Indian sensibilities. The company confirmed that the new funds will be channelled toward scaling production, strengthening supply chain operations, and expanding its footprint beyond Mumbai, with a flagship Bombay Sweet Shop in Delhi planned within the next 12 to 18 months.
A New Chapter for India’s Modern Food Story
Founded in 2014 by Sameer Seth, Yash Bhanage, and the late Chef Floyd Cardoz, Hunger Inc has spent the past decade redefining how Indians experience both restaurants and sweets. While The Bombay Canteen and O Pedro reimagined regional cuisines in a modern dining setting, Bombay Sweet Shop transformed the traditional mithai market into something both nostalgic and chic.
Over time, Bombay Sweet Shop has become the company’s fastest-growing vertical, now contributing more than half of Hunger Inc’s total revenue. With an increasing appetite for premium Indian sweets, the brand has managed to turn gifting and desserts into an experience rooted in storytelling, craftsmanship, and innovation.
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Fuel for Growth and Scale
Hunger Inc’s choice to add Lighthouse and DSG Consumer Partners indicates it is prepared to grow beyond being a much-loved brand in Mumbai. The new round of investment also allowed for partial exits of some early backers of the brand, such as business veteran C.P. Gurnani, who supported the company in its early days.
According to publicly available financial data, Hunger Inc clocked ₹115 crore in revenue during FY25, with an EBITDA margin of around 9%, and expects to cross ₹150 crore in topline revenue in FY26. Meanwhile, Bombay Sweet Shop alone generates ₹8-9 crore in monthly revenue, driven by its omnichannel model of physical stores, dark kitchens, and online sales through its website as well as delivery platforms like Swiggy and Zomato.
The group currently operates five retail outlets and 18 dark stores in Mumbai, forming the backbone of its direct-to-consumer operations. The next leg of expansion, especially into Delhi, will focus on improving production capacity and ensuring consistent product quality across cities.
Beyond Retail: Building B2B Partnerships
While Bombay Sweet Shop has captured hearts in the retail space, Hunger Inc has also made impressive strides in its business-to-business and institutional partnerships. The company supplies its products to well-known names such as Starbucks and Oberoi Hotels, and recently began providing in-flight confectionery for IndiGo’s international business class.
These partnerships highlight the brand’s growing operational sophistication and reliability, key traits for scaling a perishable product line that demands consistent taste, packaging, and quality.
Scaling Quality Across Cities
Growing a handcrafted food brand across geographies is no easy task. For Hunger Inc, it will be most essential to execute on consistent brand, logistics, and local tastes while maintaining the Hunger Inc identity. Scaling perishable, premium products also requires robust cold-chain infrastructure, last-mile delivery precision, and rigorous quality control, areas where the new capital will play a vital role.
At the same time, India’s urban middle class is showing a growing appetite for high-quality, story-driven food experiences. From regional dining concepts to reimagined sweets, the demand for authenticity and premium craftsmanship is rising, making this the right moment for Hunger Inc to grow.
A Sweet Future Ahead
The ₹215 crore investment provides Hunger Inc with the right mix of capital and advisory support to go from a Mumbai brand to a national modern Indian food and confectionery brand.
As the company embarks upon this journey of expansion, watch to see how it translates its “crafted with care” mantra into new cities, without losing the magic of what made Bombay Sweet Shop and The Bombay Canteen names you know of brands to India’s new-age dining experience.
In essence, Hunger Inc’s story represents a larger trend in Indian entrepreneurship: where passion for food meets scalability, and where nostalgia is served with a modern twist.
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