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Bakingo Company, which has created a new model of success, has become a Rs 75 crores turnover company in just 6 years. Currently the company is providing its services in 11 cities across the country.
In six years, Bakingo has grown into a company with a turnover of Rs 75 crore.
All three are residents of Delhi Friends started a joint venture together and success created a new story The first venture was so successful that the path for the second venture was automatically created . We are talking online bakery Company that sells Bakingo’s products. Creating new models of success, the company became a Rs 75 crores turnover company in just 6 years. Currently the company is providing its services in 11 cities across the country. What’s special is that the company recently opened its first store.
Bakingo started in 2016
Three friends who studied at Delhi’s Netaji University started baking in 2016. These three friends are Shari Sehgal, Suman Patra and Himanshu Chawla. Before baking, he met these three friends and started his first business in 2010. Flower Ora, a company with a mission to deliver flowers, cakes and personalized gifts online.
…when the order is delivered it is the delivery boy
Flower Ora Company has made a name for itself in just a short time. In an interview with NDV Profit, Shari said that in 2010, on the occasion of Valentine’s Day, the company received many orders. According to Shari, Himanshu and Shari together delivered more than 50% of orders in Delhi and NCR that day. Shari said up until that point the company had only one delivery worker. The orders were so large that one person could not deliver them.
Then the thought of doing something different came
The success of their first business venture inspired three friends to do something different. After that, a company selling bakery products online was established. Online bakeries are gradually becoming popular. Himanshu said the bread business in India is very local. Most people like their local bakery products. We have many types of cakes. Himanshu said the company also gives customers the option to order cakes made in other cities. For this reason, people can also opt for cakes made in Hyderabad, Bangalore and Delhi-NCR, Panipat, Karnal and Meerut.
Revenue of 75 billion in 6 years
Started with Rs 2 lakh in 2016, Bakingo has grown into a company with a turnover of Rs 75 crores in just 6 years. According to the company, the revenue of the baking industry in the financial year 2021-22 was Rs 75 crore. Currently the company has only started serving 11 cities in the country. Now the company is planning to open stores in these cities. The company has now opened a store in Delhi.
Sales website
In addition to Zomato-Swiggy, baking products are also sold on its own website. According to the company, 30% of sales are made through its own website. Additionally, 70% of the revenue comes from food portals like Swiggy and Zomato. Now the company has 500 employees.
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Source: Tekmonk Bio, Make Money Blogging
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