Funding
Foodtech Startup Holachef Raises $5 million From Kalaari And Others
Mumbai-based popular food delivery startup Holachef has raised $ 5 million (about INR 32 Cr) in its Series B round which is led by existing investors Kalaari Capital, SIDBI venture capitals and India Quotient also participated.
A spokesperson from Holachef confirmed the funding from its investors and said the capital will be used for building a team and scaling logistic infrastructure to streamline the business.
CEO of Holachef, Saurabh Saxena told: “We are currently focussing on improving our processes to serve the Mumbai market and create a more sustainable business model.”
Holachef delivers ready to eat home cooked food to its consumers. It also has an in-house chef who prepares signature dishes on a daily menu basis. The categories include Indian, global, soups and salads, munchies and also deserts.
Holachef is currently operating in Mumbai and it is serving to more than 100 pin code areas. Saurabh Saxena and Anil Gelra founded Holachef in 2014. In the successive years, Holachef raised Rs. 20 Crore in Series A funding from Kalaari Capital and India Quotient.
Saxena also added that he is currently not looking to expand geographically and the company is widening menu wise over the next two months.
The food sector, mainly food delivery startups were largely ignored by investors after startups like TinyOwl and FoodPanda were shut down. It was only after Swiggy and few other popular startups started gaining limelight, now investors seem interested in funding these food sectors.
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