Business, Ecommerce, Investments

Ex-Flipkart Led iTiffin Secures USD 1M in Seed Funding

Bengaluru based online meal service provider, iTiffin, has raised USD 1 million in seed funding. As per VC Circle report, the firm is also planning to secure USD 6 million in Series A round in the next six months for further expansion into Mumbai, Delhi and Hyderabad.

The new funds is expected to be used to set up a hub and spoke model with about 10 retail centres, to extend its operations and add new features to process about 10 lakh meals a month. Recently, it had also raised INR 1.5 crore from cricketer Robin Uthappa.

fibre-4th oct

See Also: Foodpanda Group Raises USD 60M; Aims Leadership in Emerging Markets

Launched in 2013, as a venture of Das (Ex VP- finance at Flipkart) and Ryan Fernando, initially both founders put INR 10 lakh to set up iTiffin. Currently, the firm has a 3,000 sq ft kitchen with employees about 40 people in the production and delivers around10,000 tiffins a day including charge of INR 1750 for a 20 working day one meal plan.

Popular Read:  Why Digital Marketing NOW is All About Letting Go of Old Practices!

Bangalore based iTiffin is also planning to expand its employees base up to 200 and recently made partnership with 2 other corporate to extend its popularity.

To contact the author, write to

Share your experiences, opinions or solutions: Submit a Post.

Leave a Reply