Food Startup Authenticook Raises 1.45 Cr From Booking.com
Mumbai based food startup Authenticook raises grant of Rs 1.45 crore (200,000 euros) from Booking.com. The funding will be use to increase the number of cities covered by four-times to up to 40 by end of 2018.
"We are present in nine cities now and expect to increase this to 35-40 by the end of 2018," the city-based startups co-founder Ameya Deshpande told Pixr8.
He said the company plans to break-even in 2019 and is looking to get a Series A funding sometime next year.
By the end of 2019, the company that helps people eat traditional home food with local families, aims to be present in 75 cities, he said.
It won a grant of 200,000 euros in a contest run by the worlds largest hotel aggregator Booking.com, for which 700 startups from across the world had applied for.
Deshpande sa...