Bakeys

Last updated

Bakeys
Bakeys Foods Private Limited
Company type Private
Industry Food, tableware
Founded2010;15 years ago (2010)
FounderNarayana Peesapaty Qayam Hashmi (Manager)
HeadquartersGolconda Cross Road, Musheerabad, ,
India
Area served
Worldwide
ProductsEdible cutlery, spoons
Number of employees
30 (2016)
Websitenone

Bakeys (sometimes also known as Bakey's) is an Indian edible cutlery manufacturing startup company based in Hyderabad, Telangana. [1] Bakeys 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]

Contents

Out of business

Since 2017, the Kickstarter linked to the business has not been updated due to complications and fraud, as stated in this newspaper.

Products

Bakeys 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

Bakeys was founded by Narayana Peesapathy in 2010 in Hyderabad. In April 2016, it earned a crowd-funding of around 25 lakh (US$29,000) 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 croreorUS$360,000 in 2023). [10] [11] [12]

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References

  1. 1 2 Markham, Derek (28 March 2016), "Move over, disposable utensils, because Bakeys edible cutlery is here", TreeHugger , retrieved 31 May 2016
  2. "Profile of the founder", Bakeys, retrieved 31 May 2016
  3. 1 2 3 4 Micu, Alexandra (30 March 2016), "India's Bakey edible spoon does two of my favorite things: limits dishes and plastic waste", ZME Science, retrieved 31 May 2016
  4. 1 2 3 4 Garfield, Leanna (1 April 2016), "These real-life Willy Wonka spoons are completely edible", Tech Insider , retrieved 31 May 2016
  5. 1 2 3 Thomas, Anu (21 April 2016), "Edible Spoons: Bakeys' Narayana Peesapathy scoops up accolades with his innovative idea", The Economic Times , archived from the original on 5 May 2016, retrieved 31 May 2016
  6. Boult, Adam (16 March 2016), "Edible cutlery: could this simple invention help save the world?", Telegraph , retrieved 31 May 2016
  7. "Eat Your Spoon", Ketto, retrieved 31 May 2016
  8. "Edible Cutlery: The Future of Eco Friendly Utensils", Kickstarter , April 2016, retrieved 31 May 2016
  9. "Kickstarter Campaign Update", Kickstarter, 19 January 2017
  10. Sameer (1 February 2019). "Hyderabad: One held for cheating Bank of Maharashtra". The Siasat Daily – Archive. Retrieved 17 May 2023.
  11. https://www.pressreader.com/india/deccan-chronicle/20190201/281728385751607 . Retrieved 17 May 2023 via PressReader.{{cite web}}: Missing or empty |title= (help)
  12. "STATEMENT ABOUT BAKEYS FOODS PVT. LTD. AND NARAYANA PEESAPATY BY ANU KASHYAP DURR". anukashyapdurr.co.in. Retrieved 17 May 2023.