Delhi-based online food ordering service for train passengers, TravelKhana has raised around $1 million funding from Mumbai-based seed fund Astarc Ventures in a pre-series A round. The company plans to utilize the raised funds to expand from 150 to 400 stations by end of 2016 as well as for technology advancement. Currently, it serves 3,000 passengers a day.
The deal has been made by a deal discovery platform, LetsVenture which helps startups to make seed and angel investments.
Founded in 2012 by Founder & CEO Pushpinder Singh, the company had previously raised angel funding of about $2 million by Google’s Rajan Anandan, Alok Mittal, Sarbvir Singh and others. Now, it is also looking to secure around $10 million in series A round.
TravelKhana allows railway passengers to order food online or over the phone. They can select the food of their choice from restaurants along the route they are commuting. Its revenue was Rs.1 crore for FY14-15.
In May this year, Astarc Ventures had invested around $1 million in Hyderabad based online home decor company Renderlogy, followed by a $400,000 in angel investment in Bengaluru-based startup, Furdo which employs 3D visualization for home furnishing. In March, the firm had launched a seed fund with a corpus of $2 million to make investment in tech focused, tech enabled companies in emerging industries such as mobile payments, digital healthcare, digital communication, 3D printing, data analytics, etc.Category Investments