In the daily hubbub of life, no one is content and happy but “sumptuous food” is one thing that pacifies everything and gives a reason of happiness in life.
The utmost priority of every entrepreneur is to meet the basic need of people and “good food” is the basic need of everyone.
Here are few of the best Indian food Startups which have made their name in the game of food business:
Related- Best Leading Chai Startups of India
Founded in 2008 by CEO Deepinder Goyal, with a slogan “Never have a bad meal”, Zomato gives its customers a facility to find the best bars and restaurants of India. Zomato was earlier known as “Foodiebay”.It has its headquarters in Gurgaon, Haryana. With the worth of $559m,it has touched the hearts of million people. The Estimated revenue per year of Zomato is $21,378,240. By September 2012, Zomato expanded to its first overseas location, United Arab EmiratesTil March 2016, Zomato ranks as the second startup for India in the Startup Ranking.
- Info Edge (India), the parent company of the Naukri.com group, invested Rs 47 million in 2010.
- It raised its second round of funding of US$3.5 Million from the same investor in September 2011.
- Zomato raised its third round of funding US$2.5MILLION in 2012
- It raised its fourth round worth US$10million from Info Edge in 2013
- In November 2013, Zomato raised US$37 MILLION from Sequoia Capital and Info Edge (India).
- Another round of funding was seen in April 2015, led by Info Edge, Vy capital and Sequoia Capital, of US$50MILLION
- In September 2015, Zomato raised another round of funding US$60 million, led by Temasek, a Singapore government-owned investment company along with Vy Capital
(In totality Zomato received a total funding of $225 million, which comes from four investors, namely, Info edge, Sequoia India, Vy Capital, and Temasek)
Swiggy.com was founded in 2014 from Koramangala, Bengaluru by Nandan Reddy, Sriharsha Majety and Rahul Jaimini, Swiggy works with the aim to provide food from the best nearby restaurants (as ordered by the customer) to the urban foodie. In order to ensure reliability and fast delivery, they take only one order at a time. Its operating cities are Bangalore, Delhi NCR, Kolkata, Hyderabad, Mumbai, Pune, Chennai. The name of the company of Swiggy is Bundle Technologies Pvt Ltd. 5000 restaurants are associated with it. There are around 3200 delivery boys working with it .Amazon India , Alibaba, ELE.me are thinking to invest in it .It takes around 40,000 orders per day.Till August 2016, it had a worth of $200 million (350cr). Swiggy received an investment of 230cr ($35 million) from SAIF partners, Accel partners, Norwest venture partners, Harmoney Partners, Yuri Milner’s DST Partners Fund
Faasos.com started in 2003 in Pune by Jaydeep Burman and Kallol Banerjee, Faasos provides its customers a way to order food online from 9 A.M. to midnight. When customers visit the website, they will see the button”Aaj Khane Mein Kya Hai” and when they will click on it, they will get the menu for the day.
Faasos has its headquarters in Mumbai. The founders of Faasos started off when the owner had 35lakh.They take around 15000 approx orders per day. Approximately there are 50 outlets of Faasos. It has received two funding of $20 million and $30 million. The names of the major Investors are Sequoia, Light Box Ventures, Revenue of 2016 is $20 million (Rs120cr). Faasos has a worth of $160 million (Rs 1071cr). They cover 120+ locations.90% of the orders come from mobile application. Approximately 1500 employees work under Faasos. It has received total funding of $58 million.
It is the part of Horizon group. Keeping in mind the importance of Indian health and wellness food segment, it provides its customers delicious and healthy frozen yoghurt. Besides yoghurt, they even deal with soups, salads, ice green tea, smoothies. The company is based on Gurgaon.
Coco Berry was started in February 2009 by G.S Bhalla. It had its first store in Defence Colony. In 2014, the turnover of the company was 10crore. Major funding received by Coco berry was 3 million dollar in 2011. It has approximately 50 outlets. The name of the company is Coco Berry Retail Pvt Ltd.
Operating Cities- All major cities including Delhi-NCR, Bangalore, Mumbai, Hyderabad, Chennai, Ahmadabad, Chandigarh, Faridabad, Goa, Jaipur.
We all know that India is the home of a number of cuisines and every state in India has a speciality in food. It basically deals with ethnic food. Founded in 2014 by Ashish Nichani and Sudarsan Metla, Place of India provide their customers India’s favourite and famous food directly from the original producers. They work hard to bring the finest sweets, snacks, namkeen, dry fruits, pickle .jams, tea, coffee from all over India. They provide Gujarat snacks, Darjeeling Green tea, Coorg coffee ,Kashmiri Saffron, Mumbai Dry fruits. It is based in Bangalore, Karnataka. CraftsVilla.Com acquired it 26 February 2016. The team of Place Of Origin gives delivery in 20 states. It has revenue of approx.1 million dollar The name of the company- is Arthazauca Venture Pvt Ltd. Place of Origin has received only one funding by Axilor Ventures. It was the first batch of start-ups participating in Axilor’s Accelerator Program.
Founded by Aditi Talreja and Ankita Tondon in 2010, DeliveryChef.in is an online portal to order online food from local restaurants. It has its headquarters in Mumbai, Maharashtra. It Started its operations in Mumbai and Pune; and is now expanded to Delhi NCR, Bangalore and Thane. It has revenue of approximately $1m.The first round of funding received by DeliveryChef.in was 1 crore on 12th November 2013. Full name of the company is Wishopedia Services Pvt Ltd.
Feazt.com was founded in 2014 in Hyderabad by Gopi Kishore Byluppala, Feazt works with an aim “Never Eat Alone“. It provides its customers a path to meet new people over food. They serve homemade foods. The team of feazt works with a belief that every meal is an opportunity to meet new people. It is a social platform that brings together passionate home chefs, professional chefs, travellers and foodies. Feazt encourages people to socialise over food. It is a seed funded start-up .The name of the company is Feazt Interactive Systems Pvt Ltd. The Directors of Feazt are Venkata Radhakrishna Bypineedi, Theerdhala Swathi and Asha Lata Bayyapuneedi. Its funding has been through Bootstrap.
Rocketfood.co was started in 2014 by Abhineet Kumar and Anurag Singh. It is an online website that delivers food at its customers’ doorsteps. This online food portal is based in Noida. It deals only in Noida and Ghaziabad. Rocketfood has received the total investment of 60 lakh through Bootstrap. It ships approximately 7500 meals every month. The revenue of the company is 4.4 million dollar. The initial funding received by the company was 25 lakh.
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