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. 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. 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. 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. 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, 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 currently offer ‘on demand’ lunch and dinner in 30 minutes in addition to the subscription model which includes salads, snacks, fruits and sprout. Manish Jethani. We are bringing an alternative to cooking at home.
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. One such effort is FRSH, which at present delivers healthy food and beverages to almost 1,000 people daily in Gurgaon. The journey so far FRSH started in November 2013 with a small kitchen, delivering a limited menu of juices, sandwiches, and other breakfast snacks to offices. The concept and the food were well-received and FRSH was soon delivering 80-90 orders per day when it was first covered by YourStory in May 2014.
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.