Funding

The round saw participation from a group of investors, including Titan Capital, Rockstud Capital, actor-producer John Abraham, WEH Ventures, and a…

The Ahmedabad-based cloud kitchen startup has also launched their Brand-as-a-Service (Digital Franchising) offering.

With this round of funding, they are set on fulfilling global demand as well with distributor partners in US, Europe & GCC markets already…

The brand will use the fund to launch new products, execute farm-level interventions to improve quality, expand internationally and for marketing.

It currently owns and runs more than 70 cloud kitchens in the Greater Jakarta, Medan, and Bandung areas.

The brand is also aiming at opening stores at malls, metro stations and also expand its menu.

The funding round also saw participation by existing investors, Accel Partners and Wellington Management apart from new investors including; Qatar…

With the funds raised, peAR aims to reach 15,000 orders monthly by the end of this year.

The company is also in discussions with multiple big QSR chains for a massive launch by the end of this year and plans to launch in overseas markets…

It has also partnered with brands like Baskin Robbins, Keventers, Tibbs Frankies, The Brooklyn Creamery & Beijing Street through its 50+ cloud…

In addition to their Low-Carb products and cloud kitchens, Lo! Foods has also tied up with five-star chains like Hyatt and Sheraton to offer Low carb…

The company will also use the funds to scale up its production and launch innovative new products.

The fundraising comes at a time when its major competitor Zomato is preparing for a $650-million IPO this month.

They have already entered Ahmedabad with a cloud kitchen model.

is planning to focus on sustainable growth across its fastest-growing cities such as Mumbai, Chennai, and Pune in the coming year.