The Rs 200 crore fund represents a significant step for Optimistic Capital in advancing India’s microbrewery sector within the hospitality industry,…
The funds raised will be used by the company to expand into new geographies and build the network in Bengaluru.
Biryani by Kilo is planning to raise close to $6-8 million in Series A funding in a bid to aid its expansion.
Brewhouse has received $2 million funding from Singapore-based FMCG Group Food Empire Holdings, Positive Food Venture Pvt Ltd.
The company plans to utilize funds for geographical expansion and building a more integrated food solution in the backend.
The fund raising is a part of the company’s plan to enter overseas markets and expand both its product range and cloud kitchen presence nationally.
Out of the $900 million being raised, about $600 million would be invested as primary capital into Swiggy.
The impact investor has picked up a minority stake in Suminter, marking its second deal in the food and agriculture sector in the India.
The homegrown quick-service restaurant chain will raise the funds to expand its outlet network from the existing 25 to 100 by 2020 end.
The funding will be used by the Bangalore-based food-tech startup to fuel its expansion plans.
InnerChef has raised around Rs 13 crore ($1.76 million) in a fresh funding round led by existing investor Mistletoe.
The funds have been raised by LightSaber Food Ventures Pvt. Ltd., selling healthful food under the Snackible brand.
This funding is part of a total commitment of Rs 130 crore from Viswanathan, Quintela and the AVT Group.
The round was led by Bertelsmann India Investments, Vertex Ventures Southeast Asia and India along with UCLA.
The company at present operates 21 outlets for running this business. It serves 10 institutional clients.
The company offers digital cafeteria solutions to eliminate queues, minimise wait time and offer a better experience.
The fund raise will be largely primary and the existing investors will decide on monetising part of their stake based on the incoming offer
Holachef said the capital would be used for team building and scaling logistic infrastructure to streamline the business.
Roy has also shared his plans on coming up with three new outlets, with the help of the funds raised in the angel funding.
The amount raised by Milk Mantra is also part of a larger funding round that is expected to close over the course of the year.
The group is also planning to set-up another delivery centre in Delhi targeting at an increase in the number of orders it gets daily.
The firm has already served over 6,000 meals in less than 3 months to more than 1200 unique customers. Currently, it is delivering almost 250-300 meals a day.
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