Thursday, April 25

Tag: food startup

Box8 Raises $15 Mn from eWTP Ecosystem Fund & Others
30Mar By PriyankaNo Comments
FUNDING

Box8 Raises $15 Mn from eWTP Ecosystem Fund & Others

Box8, one of India’s largest cloud kitchen startups has raised $15 million led by eWTP Ecosystem Fund. Existing investors Mayfield and IIFL Seed Ventures fund have also participated in this round. Started by two IIT graduates Amit Raj and Anshul Gupta, Box8 is a technology first, full stack cloud kitchen company that is known for its All-in-1 meals, Desi Boxes & more. They own the entire value chain, from procurement of high-quality ingredients to food preparation to the last mile delivery, hence ensuring superior customer experience every time. Box8 has a presence in 4 cities: Mumbai, Bangalore, Pune and NCR delivering over 1 million meals every month from the company-owned 110+ cloud kitchens. Its network of cloud kitchens negates the high rental & operations costs incurre...
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Ready to Cook Food Startup Raises $5 Million Series B Funding
29May By NitishNo Comments
FUNDING

Ready to Cook Food Startup Raises $5 Million Series B Funding

Bengaluru based YCook, a ready-to-cook processed package food startup raises $5 million (about ₹33.7 crore) in a Series B funding. The current funding round saw participation from Binny Bansal led venture capital firm 021 Capital, Oikocredit. The existing investor Omnivore also participated in this round. The food company will use this funding to acquire certifications, improve facilities and marketing. The company launches a food product known as Ta-daa with the aim to revolutionize cooking and encourage more people to eat healthy, wholesome, home-cooked meals. The product sells across most of the retail stores like Reliance Retail, Big Bazaar, and Nature's Basket and online ecommerce platform Amazon, Flipkart, Bigbasket etc.. Founded in 2013 by Janardhan Swahar, Vijay Reddy and ...
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Mumbai based Food Startup Fingerlix Raises 8.5 Crore
19Mar By NitishNo Comments
FUNDING

Mumbai based Food Startup Fingerlix Raises 8.5 Crore

Mumbai based ready-to-cook meals delivery startup Fingerlix raises Rs 8.5 crore funding from Alteria Capital Advisors LLP. The funding is in venture debt and this is the first investment by Alteria capital. Founded by Ajay Hattangdi and Vinod Murali in October 2017, Alteria Capital announced that its receives Rs 356 crore on 1st March for the investment and looking to make it 1000 crore fund. Mumbai based fingerlix which is the subsidiary of Maverix Platforms Pvt. Ltd was started by Shripad Nadkarni and Shree Bharambe. The duo had enough experience in packaged consumer goods sector. They were also founded brand consultancy startup MarketGate, which was acquired by the Publicis Groupe in 2012. Shripad Nadkarni is also an investor in Hector Beverages, the manufacturer of Paper Boat....
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Swiggy Launches ‘Swiggy Access’ For Restaurant Partners
14Nov By AnkitaNo Comments
News

Swiggy Launches ‘Swiggy Access’ For Restaurant Partners

Online food ordering and delivery platform Swiggy today announced the launch of Swiggy Access, an initiative to bring quality food closer to consumers while enabling business expansion for its restaurant partners. For the restaurant partners, these ready-to-occupy kitchens will offer them a basic setup with the required amenities. No rent or deposit will be charged for the premises, Swiggy said in a statement. Commenting on the initiative, Swiggy CEO Sriharsha Majety said,"With Swiggy Access, we are diversifying local palettes, bridging geographical gaps in supply and solving for variety, quality and convenience of food." It is another step towards giving the consumers what they come to Swiggy for - great variety, delivered at a lightning fast speed, he added. "At the same time, it will...
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The ‘Rule’ Of Continental Food In India
27Oct By No Comments
BLOGS

The ‘Rule’ Of Continental Food In India

  The British ruled India for over 200 years. So goes the story. Some do argue that they took a 100 years to conquer and ruled another 100 before they were sent back. But, that is a debate for another day. During this tenure they did influence many aspects in India. Education, medical services, fashion and food are probably some of the very obvious ones. Their influence on food is a definite yes as continental food is a huge contribution by the British to Indian culinary. Some stories do indicate that continental food was introduced to the then royal families of India by the British as a token of friendship. It is said that continental food percolated to the commoners through the kitchens of Indian royals. There is no way to ratify any such observations. The popularity and accep...
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Ready-To-Cook Food Startup Fingerlix Raises $7Mn in a Series B Round
17Oct By RishabhNo Comments
FUNDING

Ready-To-Cook Food Startup Fingerlix Raises $7Mn in a Series B Round

Run by Maverix Platforms Pvt. Ltd, ready-to-cook food brand Fingerlix, has recently raised $7 million in a Series B funding round led by Accel Partners and its existing investor Zephyr Peacock India. The startup is also planning to launch recipe-based offerings in several centre-of-plate categories. Other than that, it will be utilising the funds to accelerate its growth strategy and expand into newer geographies of Bengaluru, Hyderabad, Chennai and Delhi-NCR. Currently Fingerlix is offering ready-to-cook products such as batters, mixes, curries, lentils and paranthas. It will soon be offering Upma Mix, Biryani Mix and Puran Poli after the funding it raised. “We are delighted to partner with Accel, and further strengthen our association with Zephyr Peacock. We look forward to workin...
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Food Startup Authenticook Raises 1.45 Cr From Booking.com
28Jun By PriyankaNo Comments
FUNDING

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...
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Bangalore Based Food Startup Swiggy Raised Rs 47 crore
10May By AnkitaNo Comments
FUNDING

Bangalore Based Food Startup Swiggy Raised Rs 47 crore

Online food ordering startup Swiggy has raised Rs 47 crore from existing investors Norwest Venture Partners, DST Global and Accel Partners. The value of Swiggy is now over Rs 865 crore or $130 million. Over the past few months, the company has also seen its order value basket size increased to Rs 375 per order. Close to 30% of these orders are cashless. Swiggy is also fulfilling close to 40,000 orders from the eight cities that it operates in including Bengaluru, Hyderabad and Delhi-NCR. The new round of funding gives the startup additional horsepower to go deeper into its core eight cities and maintain its market leadership position as it competes with other startups including Zomato and Runnr, to be formed after the merger of Roadrunnr and TinyOwl. Reddy explained that the compa...
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