Hunger Inc raises Rs 215 crore funding from Lighthouse and DSG Consumer Partners

Hunger Inc, the parent company of Bombay Sweet Shop and restaurant brands including Bombay Canteen, Veronica’s, O Pedro, and Papa’s, has raised ₹215 crore in a fresh funding round.

Through this round, Lighthouse and DSG Consumer Partners acquired a significant minority stake in Hunger Inc.

Hunger Inc will use the funding to enhance its production and supply chain capabilities, supporting its expansion beyond Mumbai.

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“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 involved exits by some early investors, including former Tech Mahindra CEO CP Gurnani and a few angel investors, through secondary transactions.

The Godrej family office remains an existing backer of Hunger Inc.

Bombay Sweet Shop, Hunger Inc’s omnichannel brand for Indian sweets, chocolates, and confectionery, now accounts for over half of the company’s revenue, according to Seth.

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In FY25, Hunger Inc recorded ₹115 crore in revenue with a 9% EBITDA margin and expects to achieve a topline of ₹150 crore in FY26, Seth noted.

Currently operating only in Mumbai, Hunger Inc plans to expand to Delhi and launch a flagship Bombay Sweet Shop within the next 12–18 months. The brand currently runs five retail outlets and 18 dark stores, fulfilling orders via its website as well as aggregators like Swiggy and Zomato.

Founded in 2015 by Seth, Yash Bhanage, and the late chef Floyd Cardoz, Hunger Inc began with its flagship restaurant The Bombay Canteen and later launched O Pedro, specializing in contemporary Goan cuisine. In 2023, the company introduced Veronica’s, a sandwich-focused concept, and Papa’s, a 12-seater chef’s table experience.

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