BluePine Foods began in 2016 after founder Aditi Bhutia Madan sought to recreate the Himalayan food she had grown up with after moving from Darjeeling to Delhi. The company’s official account says the first-generation entrepreneur built the business around authentic frozen Darjeeling-style momos. A 2022 report from the nonprofit TechnoServe described the early company as an attempt to address the limited availability of the food Madan missed in Delhi, while noting that expansion was initially difficult.
The business moved beyond its original frozen-food operation in 2018 by opening the first Yangkiez quick-service restaurant. BluePine’s current website presents two connected brands: Momo Mami, focused on frozen Darjeeling momos, and Yangkiez by Momo Mami, which offers momos, dumplings and spring rolls directly to consumers. The company also describes customised production for hotels, restaurants and catering customers, giving it both consumer-facing and institutional sales channels.
BluePine entered wider public view as the first televised pitch of Shark Tank India Season 1. Madan asked for ₹50 lakh in exchange for 5% equity. The programme’s published pitch table records an on-air agreement of ₹75 lakh for 16% equity from Aman Gupta, Ashneer Grover and Vineeta Singh. That transaction implied an on-air post-money valuation of about ₹4.69 crore, calculated by dividing ₹75 lakh by the 16% stake offered. The figure describes the televised agreement and should not be treated as the company’s present valuation.
TechnoServe subsequently reported that Madan received approximately $100,000 in startup funding through the programme and that BluePine experienced a sales surge after the appearance. Publicly available primary material reviewed for this article does not disclose a detailed year-by-year sales series or independently confirm the present shareholding of the three television investors. For that reason, the company’s later performance is better measured through available corporate filings and its continuing operations than through unsupported valuation claims.
The company’s current website remains operational and lists frozen vegetarian, paneer and chicken momos in wheat- and fine-flour variants, along with chilli sauce. It also continues to market customised products to the hospitality sector. The site identifies Aditi Madan as founder and director, Naveen Panwar as co-founder and director, and Nitesh Madan as a director, while providing ordering and contact details in Faridabad.
The latest public financial snapshot found during this review comes from a registry-derived company profile using filings for the year ended March 31, 2024. It reports FY2024 revenue of ₹2.06 crore, 19% higher than the preceding year. The same profile lists Bluepinefoods Private Limited as an active, unlisted company with corporate identification number U15132HR2016PTC111999. Another registry-derived profile records paid-up capital of ₹42.7 lakh, financial statements filed through March 2024 and current directors Aditi Madan, Naveen Panwar and Nitesh Madan.
BluePine’s verifiable journey therefore runs from a founder-led Himalayan food idea in 2016 to an operating frozen-food manufacturer with a restaurant brand, an online catalogue and reported crore-scale annual revenue. The available evidence establishes continuity and revenue growth through FY2024, but it does not support stronger claims about current profitability, market share, nationwide distribution or a fresh valuation. As of August 24, 2026, the company website and registry-derived records both indicate that the business remains active.
Sources: BluePine Foods official website; BluePine Foods directors; Shark Tank India Season 1 pitch table; TechnoServe 2022 annual report; The Company Check profile; Tofler company profile.