Mumbai-based Hunger Inc, the parent company of popular restaurant and confectionery brands including Bombay Sweet Shop, The Bombay Canteen, O Pedro, Veronica’s, and Papa’s, has raised ₹215 crore (approximately $25 million) in a new funding round led by Lighthouse and DSG Consumer Partners. The round also included secondary exits for some early investors, including CP Gurnani and a few angel backers.
The latest investment marks a significant milestone for the company, which had earlier raised $1.69 million in a seed round. The Godrej family office remains an existing investor in the company.
Hunger Inc plans to deploy the fresh capital to expand production and supply chain capabilities, scale its retail presence beyond Mumbai, and enhance operations across its portfolio. The company aims to open a flagship Bombay Sweet Shop outlet in Delhi within the next 12–18 months.
Founded in 2014 by Sameer Seth, the late Floyd Cardoz, and Yash Bhanage, Hunger Inc operates across multiple verticals restaurants, packaged confectionery, and digital food media. Bombay Sweet Shop, its flagship retail brand offering modern takes on Indian sweets, now contributes over 50% of group revenue.
In FY25, Hunger Inc recorded ₹115 crore in revenue with a 9% EBITDA margin, and it expects to reach ₹150 crore in FY26. The Bombay Sweet Shop unit alone generates ₹8–9 crore in monthly revenue through five retail outlets and 18 dark stores, servicing customers via its website and delivery platforms like Swiggy and Zomato.
The company also supplies to major partners such as Starbucks, Oberoi Hotels, and IndiGo Airlines (for international business-class menus), underscoring its growing presence in B2B and institutional channels.
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