Food startups, Gurgaon-based Yumist, & Frsh and Mumbai-based HolaChef have raised funding. Yumist got series A funding led by Orios Venture partners while, India Quotient has backed HolaChef and Gurgaon-based Frsh, as per a TOI report.
Yumist was started by ex-Zomato Alok Jain with restaurateur Abhimanyu Maheshwari, the three-month old startup allows users to order and receive food through Yumist mobile app. It has raised about USD 1 million which it plans to invest for building its technology platform, expanding services as well for marketing purposes. Currently, the firm caters in Gurgaon only, and will expand to all of Delhi NCR by the end of the year and then move to other cities in the country.
Frsh was founded by IIT Delhi graduates Badal Goel and Sunil Kumar, has secured about USD 200,000-250,000. It allows users to place order online through its website and deliver quickly.
HolaChef was founded by Saurabh Saxena, with his IIT-Bombay batchmate Anil Gelra, the startup is betting on their predictive algorithms which will be able to predict the type of demand that exists and create supply accordingly with their chefs. Initially, it has started its operations in Mumbai’s Powai area, and has now expanded to areas like Mulund, Andheri West, Ghatkopar and Malad and further, it is targeting 200 orders per day by February end.
In December 2014, Bengaluru based food delivery startup, SpoonJoy has raised an undisclosed amount in angel funding from Sachin Bansal (Co-Founder Flipkart), Mekin Maheshwari (CPO Flipkart), Abhishek Goyal (Founder, Tracxn) and Sahil Barua (Co-Founder, Delhivery). In August last year, ex-Flipkart led iTiffin, an online meal service provider, had raised USD 1 million in seed funding. Earlier this month, 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.