Paytm, redBus founders back Innerchef
Gurgaon-based ready-to-cook
meals delivery startup, Innerchef, has raised Rs 11crore in its first
round of funding from a clutch of high profile entrepreneur angels like
Vijay Shekhar Sharma of Paytm, Phanindra Sama of redBus, and Anupam
Mittal of Shaadi.com, along with two fund houses, valuing it at $10
million. Innerchef 's other angel investors in the new financing
round include Murugavel Janakiraman, founder of Bharat Matrimoney ,
Dinesh Agarwal of Indiamart, Hungama's Neeraj Roy , Vishal Gondal
from GOQii, among others. Japan's Netprice, M&S Fund's Hiro San and T
A Venture have also participated in the series A round, said a company
executive, at a time when food-delivery startups are struggling to raise
new capital and signs of early consolidation are surfacing in the
sector.
“We will use this cash to expand. We have two food kitchens at the moment and we are planning to add 10 more. Next month, we would enter Bengaluru while Mumbai would see our entry in November.One more kitchen will be opened in Noida,“ Rajesh Sawhney , co-founder of Innerchef told TOI.
“We will use this cash to expand. We have two food kitchens at the moment and we are planning to add 10 more. Next month, we would enter Bengaluru while Mumbai would see our entry in November.One more kitchen will be opened in Noida,“ Rajesh Sawhney , co-founder of Innerchef told TOI.
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