Food-tech startup HolaChef is reportedly going to raiseUSD 6 Million from Kalaari Capital and SIDBI. In the current scenario where it is increasingly difficult for startups to raise fresh fundings, if things materialize, this will be sheer good news for HolaChef. Company’s existing investors, Kalaari Capital will be the ones who will lead this funding round. SIDBI Venture Capital Ltd, the wholly owned asset management company and a subsidiary of the Small Industries Development Bank of India, will also participate in this round.

The talks are in advanced stage and expectedly, Kalaari Capital, which is leading the round, will invest around USD 3.5 Million in this round, and SIDBI Venture Capital Ltd will invest the rest. The capital raised from the fresh funding round will be used to help the company to strengthen its operations in the existing cities as well as to expand its services to newer cities.

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This year itself, in the month of July, HolaChef raised USD 1.95 Million from Kalaari Capital and India Quotient. Prior to that, it had raised USD 3.1 Million in Series A round and USD 320,000 in its seed funding round. In September 2015 , the startup also got backed by Ratan Tata. Started in September 2014  by Anil Gelra and Saurabh Saxena both from IIT Bombay,HolaChef brings the world’s best cuisines from the master chefs’ kitchen right to your doorstep – has seen tremendous growth and an increasing customer base.

The startup has on offer healthy on demand meals prepared by numerous chefs in the town( both amateur and professional) , chosen by customer based upon dishes and also according to the ratings to chefs provided by the previous customers. The startup serves cuisines ranging from Kashmiri, Manglorean, Maharashtrian, Rajasthani, Gujarati, Continental, Mexican, American, Fusion, Desserts to Italian.

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Ruchi Pandita

Ruchi is a word-weaver, a painter, an amateur photographer and a poet at heart. The ease with with she can explain the most complex stuff impresses people around her. Being a gemini, she is never content, always looking for new ways to explore her self and the world around. The startup revolution has greatly influenced her and she is using her talent to help budding entrepreneurs find the way forward.

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