Bakingo has raised $10.5M in a Series B round led by Faering Capital, marking a fresh infusion of capital for the Gurgaon-born dessert brand as it pushes deeper into India鈥檚 crowded sweets market. The company, which started with a single kitchen in Gurgaon, now operates 160+ kitchens across 35+ cities and has begun testing physical retail with a store in Delhi NCR.
The funding arrives as Bakingo leans into its "Never Stop Wishing" positioning-a brand built less on novelty and more on the emotional pull of celebrations, from midnight cravings to small wins. With Faering Capital鈥檚 backing, the company has room to scale its kitchen network and retail footprint, though specifics on how the capital will be deployed remain under wraps.
