holachef raises funding

Mumbai-based HolaChef Raises Rs. 32 crores Funding from SIDBI, Kalaari Capital

holachef raises funding

20 April 2017, India:

HolaChef has raised $5 million in its Series B round led by existing investor Kalaari Capital. SIDBI Venture Capital and India Quotient also participated in the round as per the report by ET.

Launched in 2015 by Saurabh Saxena and Anil Gelra, Holachef is your go-to food delivery service when you are looking for zero compromises in quality, variety and the fun of eating. The fresh funds would be used for team building and scaling logistic infrastructure to streamline the business.

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Saurabh Saxena, CEO of HolaChef told ET, “Focus was to get our processes to better serve the Mumbai market and create a more sustainable business model.” Speaking about the opening of its first customer-facing offline kiosk in the city, he said, “It is actually a distribution centre but more presentable and customer-facing so people can buy directly from there as well. If this customer-facing centre is beneficial for marketing, then we may look at opening new distribution centres which are similar. It will be cuisines and dishes that we can produce at a much higher scale.”

Holachef delivers ready-to-eat home-cooked food to consumers. It has in-house chefs who prepare signature dishes under categories that include Indian, global, desserts, beverages, munchies, and soups and salads. Currently, Holachef operates only in Mumbai and delivers food to more than 100 pin code areas.

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