Founders & Their Story

Himanshu Gakhreja and Shreya Agarwal, a supporting couple. Himanshu was dropped out of school to pursue his passion in baking. He belongs to a Vegetarian family.

He worked in a bakery shop for 2.5 years and received the knowledge of baking industry. However, his father didn’t allow him to work there & made him handled the family business.

Soon after his marriage with Shreya, they convinced his father & started their business of baking cheesecake from two rooms. Within a short span of time, from a small team of 2, they grew up to a team of 90 within a year.

About The Company

Started in 2018, “Cheesecake and Co.” offers its consumers a winning mix of exceptional quality, flavour, and 100% eggless cakes. Cheesecake and Co. has fulfilled 2.5 lakhs orders, and its kitchens are located in Delhi and Bengaluru.

Their USP is that they bake 100% eggless cakes. Their total outlets are 19, out of which 17 in Delhi NCR & 2 in Bangalore. Some of their outlets are physical and some are cloud kitchens.

Their mission is to provide eggless & superior quality baked cheesecakes. Till now, they have completed more than 2.5 lakhs orders.

Revenues

They made 6 crores in FY 21-22 from 15th July till 31st March. The last month sales were 1.94 crores including the profit of 20%.

Founder’s Ask

1 crore for 2% equity at the valuation of 50 crores.

Offers

• Anupam’s offer was 50 lakhs for 5% equity & Rs. 50 lakhs debt at 15% interest.
• Aman’s & Anupam’s combined offer was Rs. 50 lakhs for 5% equity (2.5% for each shark) and Rs. 50 lakhs debt at 15% interest.
• The last offer by Aman’s & Anupam’s was Rs. 1 crore for 5% equity (2.5% for each shark)

Counter Offers By Founder

1 crore for 3% equity, which was later extended to 3.5%

Final Deal

They do not take the offer.