PlateJoy Raises $1.7 Million In Seed Funding To Find Its Place At The Meal Delivery Table. Meal-kit delivery startup PlateJoy has raised $1.7 million in seed money to get into bigger markets and take on competitors like Blue Apron in the recipes-for-delivery segment. The funding comes from Foundation Capital, Sherpa Ventures, HealthBox, 500 Startups, VaynerRSE, Bassett Investments, Gotham Gal Ventures’ Joanne Wilson and celebrity investor Jared Leto. Saying there is a lot of competition in the meal-delivery space is an understatement.
There are at least 12 food-delivery services in San Francisco, and it seems like another one pops up in some U.S. city every day. Add that to some of the bigger players in the make-a-meal-at-home-with-delivered-ingredients space like Blue Apron and Plated and it seems like this would be a tough space for PlateJoy to conquer. Blue Apron alone delivers over 2 million meals a month now, according to the company. There are a lot of food startups but people eat four to five times a day. — Rodolfo Gonzalez, Foundation Capital. Ola's grocery delivery plans goes beyond cabs. Online cab booking service Ola (formerly Olacabs), run by Mumbai-based ANI Technologies Pvt Ltd, seems to have a much more grand plan to leverage its platform for consumer internet services. The firm has floated a job ad in blue-collared job search site Babajob seeking delivery personnel with ‘bikes’.
Its job ad indicates that those interested would have an option of having two shifts one starting as early as 7 AM and the other ending as late as 11 PM. On the one hand, this means the firm is looking to grab a slice of users who need early morning or late evening deliveries for groceries. The more significant aspect is that it is looking to hire delivery personnel with two-wheelers. This means Ola is not limiting its grocery delivery venture to drivers on its cab network to better use the inventory when the drivers do not have a passenger in the car. Ola had recently rolled out OlaCafe as a food delivery venture through its cab booking app. (Edited by Joby Puthuparampil Johnson) Subscription-Based Food Delivery Startup SpoonJoy Scoops In $1 Million From SAIF Partners - The Tech Portal.
SpoonJoy, a Bangalore based food-tech start-up which functions on a unique, Internet-first restaurant model, has secured $1 million from SAIF Partners for that very idea. Earlier, it had raised undisclosed amount from Mekin Maheshwari, Abhishek Goyal, Sahil Barua and Flipkart’s Sachin Bansal. With the freshly raised funds, the company is now planning to expand its operations to Delhi and Mumbai in couple of months. Currently, it operates in Bangalore only. While food delivery has been a buzzing field in India’s start-up ecosystem, SpoonJoy differentiates itself with this exciting Internet-First restaurant model. The startup delivers prepared meals, including fruits and salad, primarily aimed at corporate employees. It currently offers two different food delivery options. In the subscription based model, SpoonJoy delivers fruits, salad, sprouts and other healthy snacks from Monday to Friday.
Manish Jethani, co-founder of SpoonJoy, said, Vishal Sood, MD of SAIF Partners, said, Comments. Food delivering Startup Grab Scoops in $1 Million In Seed round - The Tech Portal. And Investors continue to push more money into India’s online food delivery platforms. Grab, another food delivery start-up has now secured $1 million in funding from Oliphans Capital and Haresh Chawla, former CEO of Network18. With this freshly raised amount, the company is looking to expand its service to other markets along with an expansion of team. It recently started operations in Pune. The company was founded in 2012 by Jignesh Patel, Nishant Vora and Pratish Sanghvi. Its client list includes Subway, Spaghetti Kitchen, Global Grill, Pizza Roma, Noodle Bar, Moti Mahal, Brunch Munch, Tandoor Se, The Yellow Chilli, and many more. Pratish Sanghvi, who handles business development for the company, said, Home delivery orders are a significant portion of a restaurants turnover.
As for upcoming startups, Swiggy, an online food delivery platform, recently gulped in a decent $2 Million round from Accel Partners and SAIF partners. Comments comments. On-demand food ordering startup Swiggy scoops in $2 Million from SAIF and ACCEL Partners - The Tech Portal. Swiggy, a Bangalore-based online, on-demand food ordering startup has grabbed a $2 Million round from Accel partners and SAIF Partners. Swiggy acts similar to the way Foodpanda works, by aggregating orders from nearby restaurants and then delivering them to customers. While online food delivery is quite a trend these days, Swiggy claims that its smartphone-equipped delivery personnel and routing algorithms, differentiate it from other similar services.Moreover, Swiggy’s focus continues to remain on the logisitical aspecyts of on-demand food ordering, an avenue which needs some real, serious thinking considering India’s growing traffic woes.
Sriharsha Majety, Co-Founder and CEO at Swiggy says, We have established ourselves as a superior food delivery service in Bangalore, and our repeat percentages and engagement levels are off the charts. Swiggy started operations in August 2014 in the Koramangala neighbourhood of Bangalore and claims to be growing at a very fast pace since. Comments. Internet first restaurant SpoonJoy raises $1M series A funding from SAIF Partners. When we published a story about Indian VCs salivating over food-tech startups, we weren’t kidding. SpoonJoy which started its operations in July 2014, looks at themselves as more of a supply-chain management startup rather than a purely food startup. They announced today that they have raised a $1 million series A round from SAIF partners. The startup would be using this funding round to upgrade its technological capabilities and also expand to more cities. Currently operating in Bangalore, they are planning to launch their services in Delhi and Mumbai in the next two months.
Growth When we last spoke to Manish Jethani, the founder of SpoonJoy in December 2014, they were doing about 350-400 orders a day and are now currently clocking close to 1000 orders a day. They initially started as a subscription only service where users could schedule their orders based on their need and convenience in different time slots from 10am-6pm. Manish Jethani. Vishal Sood, MD SAIF Partners added: Share. Food-tech startup FRSH eyes Series A funding to expand in more cities.
With the escalating demand for wholesome food at one’s doorstep, the future of the health food segment is promising in our country. The segment of health and wellness food is estimated to rise to a whopping Rs. 55,000 crore in this fiscal year. The market already has players like Spoonjoy (backed by Flipkart CXOs), offering freshly cut fruits and sprouts for lunch or snacks on a weekly subscription basis; and the new Delhi-based startup Fresh Food with its flagship product Juice Up, which offers raw and fresh cold pressed juices.
Meet Foodbox, a foodtech startup that doesn’t hinge around a food delivery app. No one would have thought that foodtech could have been such a huge sector for Indian start-ups. What does foodtech even mean? Food prepared by technology? Well, going by what the startups in the space do, foodtech is more to do with efficiently delivering food using technology. . We first wrote about 8 heavily backed foodtech start-ups, then a list of 17 more in the space and we also asked the VCs as to why are they so excited about the space. Satish Chamyvelumani And the trend continues. Satish, a mechanical engineer and a Masters of Science in manufacturing technology from New Jersey Institute, has spent more than a decade in USA as an operations engineer with various MNCs. “I am not a fan of food delivery apps. The innovation is in the dispenser machines Foodbox has built.
This is a supply and demand linking process. Foodbox is supported by a few US-backed angels and is currently looking to raise its next round to grow to other cities. Website: AFoodBox.com Share Jubin Mehta.