Bakeys
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| Bakeys Foods Private Limited | |
| Company type | Private |
| Industry | Food, tableware |
| Founded | 2010 |
| Founder | Narayana Peesapaty Qayam Hashmi (Manager) |
| Headquarters | Golconda Cross Road, Musheerabad, , India |
Area served | Worldwide |
| Products | Edible cutlery, spoons |
Number of employees | 30 (2016) |
| Website | none |
Bakey's (sometimes also known as Bakey's) is an Indian edible cutlery manufacturing startup company based in Hyderabad, Telangana.[1] Bakey's was founded in 2010 by former ICRISAT researcher Narayana Peesapaty as an eco-friendly alternative to disposable utensils prepared with plastic, wood and bamboo, such as bamboo chopsticks.[2][3]
Out of business
[edit | edit source]Since 2017-19, the Kickstarter didn't linked to the business has not been updated due to complications and fraud, as stated in this newspaper.
Products
[edit | edit source]Bakey's uses different types of flours to bake single-use edible spoons, forks, and chopsticks, which can be consumed after their intended use.[3][4] Since 2010, it has sold more than 1.5 million pieces of cutlery throughout India.[5] As of April 2016, the company only markets edible spoons, but has plans to expand its operations to begin distribution of forks and chopsticks with income from a Kickstarter funding campaign.[4] As of April 2016, the company only ships its products within India.[4]
The products are vegetarian and are manufactured using with all-natural ingredients, (primarily) sorghum (jowar), and other types of flours such as wheat, rice, and millet.[3][5] The spoons have a shelf-life of 24 months and are so made that they will naturally decompose between 3 and 7 days after use if not consumed.[1] The spoons are manufactured in several flavors, such as cumin, mint-ginger, carrot-beetroot and sugar.[4][6])
History
[edit | edit source]Bakey's was founded by Narayana Peesapathy in 2010 in Hyderabad. In April 2016, it earned a crowdfunding of around ₹25 lakh (US$30,000) from 1500+ backers through Ketto with its initial goal being only ₹1 lakh (US$1,200).[7] Following this support, the company started a Kickstarter campaign to increase its reach.[3][8] In April 2016, the company had 30 employees.[5] As of May 2017 the company had not yet started shipping to backers of the Kickstarter campaign, though shipments of the spoons to customers in India has continued without issue.[9] In January 2019, Narayana Peesapaty was arrested for allegedly cheating the Bank of Maharashtra of ₹2.5 crore (equivalent to ₹3.1 crore or US$370,000 in 2023).[10][11][12]
References
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