Gurgaon-based Food-tech startup, InnerChef which delivers ready to eat and ready to cook meals, has raised a pre-series A round of $1.66 million from a group of entrepreneur angels like Vijay Shekhar Sharma of Paytm, Phanindra Sama of redBus, and Anupam Mittal of Shaadi.com, along with two other Funds, shooting the valuation of the company to $10 million.
Other investors in this financing round include Murugavel Janakiraman, Founder of Bharat Matrimony, Dinesh Agarwal of Indiamart, Hungama’s Neeraj Roy, Vishal Gondal from GOQii, among others. Further, Japan’s Netprice, M&S Fund’s Hiro San and T A Venture have also participated in the round.
The raised capital shall be used to expand its footprint and launch 10 new kitchens across Delhi, Bangalore and Mumbai. Additionally, InnerChef will also focus on building Indulge, a Hyperlocal Desserts Marketplace that brings desserts from home bakers and neighbourhood bakeries, across six cities within the next three months.
As claimed by the company, InnerChef is growing at 100% month on month since its launch in April 2015.
Expressing himself on the matter, InnerChef Co-founder Rajesh Sawhney stated, “We are extremely pleased to have received support from the leading Indian and International Technology founders. We believe this demonstrates their confidence in our Kitchen-in-the-cloud business model and strength of our team”.
InnerChef is an online food discovery and delivery platform which is at the intersection of two global trends – eating different and eating better. It delivers recipes in a box with all its ingredients which are measured and prepped allowing one become a chef in 10-20 minutes. The company’s mission to provide fresh and tasty food to people.