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Kalaari Capital, India Quotient invest $3.1 mn in food tech startup Holachef

Mumbai-based food technology startup Holachef has reportedly raised about $3.1 million in a Series A round of funding led by venture capital firm Kalaari Capital.

Holachef’s existing investor India Quotient also participated in this round, according to a TechCircle report. The startup will use the funds to invest in infrastructure and technology.

Mumbai-based food technology startup Holachef has reportedly raised about $3.1 million in a Series A round of funding led by venture capital firm Kalaari Capital.

Holachef’s existing investor India Quotient also participated in this round, according to a TechCircle report. The startup will use the funds to invest in infrastructure and technology.

“The investments will help us in fueling our infrastructural expansions that will enable better preparation & delivery of food. This will help us penetrate deeper into Mumbai as well as other cities in India,” Saurabh Saxena, who founded Holachef along with Anil Gelra in 2014, was quoted in the report as saying.

In February 2015, Hoachef had raised about Rs 2 crore from Anand Lunia-led seed-stage fund India Quotient in the form of convertible notes.

Holachef delivers home-cooked food to consumers. It offers select signature dishes, about 50 choices every day, and delivers them to users. Each meal is priced at Rs 120 to Rs 350 and serves one person.

At present, the start-up claims that it is serving 1,000 orders a day across locations in Central and Western suburbs of Mumbai, and received about 65 per cent of its total orders through the mobile app on Android and iPhone, while the rest came via its website. It does not have any physical presence yet.

Vani Kola, MD, Kalaari Capital, told TechCircle, “We are excited to be investing in Holachef. The team has a deep passion to offer great food and commitment to customer service. These are the ingredients to create a great company. We believe food tech will be a large opportunity in India.”

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