Hunger Inc, the company behind Bombay Sweet Shop and restaurants like Bombay Canteen, Veronica’s, O Pedro, and Papa’s, has raised INR 215 crore in a new funding round.
In this round, Lighthouse and DSG Consumer Partners bought a significant minority stake in the company.
The funding will help Hunger Inc improve its production and supply chain and expand its presence beyond Mumbai.
“The capital will primarily be used for Bombay Sweet Shop and we’re going to start experimenting with Veronica’s because sandwiches and coffee is a scaleable format,” cofounder Sameer Seth said.
The deal also included some early investors selling their shares, including former Tech Mahindra CEO CP Gurnani and a few angel investors, through secondary transactions.
The Godrej family office continues to be a backer of Hunger Inc.
Hunger Inc’s omnichannel brand, Bombay Sweet Shop, which sells Indian sweets, chocolates, and confectionery, now makes up more than half of the company’s revenue, according to Seth.
In FY25, Hunger Inc earned ₹115 crore in revenue with a 9% EBITDA margin. The company expects its revenue to reach ₹150 crore in FY26, Seth said.
Hunger Inc currently operates only in Mumbai but plans to expand to Delhi and open a flagship Bombay Sweet Shop within the next 12–18 months.
The brand runs five retail outlets and 18 dark stores, fulfilling orders through its website as well as delivery platforms like Swiggy and Zomato.
Hunger Inc was founded in 2015 by Seth, Yash Bhanage, and the late chef Floyd Cardoz. The company started with its flagship restaurant, The Bombay Canteen, and later launched O Pedro, which focuses on contemporary Goan cuisine.
In 2023, Hunger Inc introduced Veronica’s, a sandwich-focused concept, and Papa’s, a 12-seater chef’s table experience.
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