FreeCharge CEO Alok Goel Invests in Mobile-Only Food Ordering Service TapCibo

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Bengaluru-based mobile-only food ordering service, TapCibo has raised an undisclosed amount of funding led by FreeCharge founder & CEO Alok Goel. The new funding will be used for team expansion as well as for technology enhancement.

As per VCCircle report, TapCibo is also looking to partner with small-time food outlets and kitchen services for delivery.

The startup was started by Goel’s wife Monica Rastogi, as an on-demand food delivery service that is working on the concept of food courts and kitchen services. The startup offers North Indian and Chinese cuisines, and salads, operating only in Indiranagar in Benguluru. It consists of 7-8 people in its team.

TapCibo is directly competing with food delivery startup, SpoonJoy which had recently raised an undisclosed amount in angel funding from Sachin Bansal, CEO, Flipkart and others. It offers subscription service for delivering the food of the user’s choice to their home or office.

In August last year, ex-Flipkart led iTiffin, an online meal service provider, had raised USD 1 million in seed funding. Mumbai-based food ordering app, TinyOwl had secured USD 3 million led by Sequoia Capital and Nexus Ventures Partners to expand its presence in Mumbai as well as in other metros.

Recently, Delhi-based restaurant listing site Zomato, had raised USD 60 million in series E round led by Vy capital, Info Edge Limited and Sequoia Capital, while Rocket Internet backed Foodpanda acquired Pune-based TastyKhana for an undisclosed amount.

Image Source: GooglePlayStore

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