Chinmay Bidkar
29 November 2016, India :
Food startup Monkeybox raised an undisclosed amount of funding from multiple investors. The round was led by Blume Ventures and a clutch of HNIs.
“The fund was mainly used for setting up of our kitchen and we are doing extremely well on traction hitting over 850 orders per day now in Bangalore south from our first cluster kitchen,” Sanjay Rao, one of the co-founders of the company, told Techcircle.
Sanjay Rao, Sandeep Kannambadi and Vijay Bharadwaj founded Monkeybox this year and has been successfully running the startup. They previously founded sports-tech startup Sporting Minds in 2006, which was also backed by Blume Ventures.
“Monkeybox founders are passionate and focused about delivering high quality experiences for kids. At the same time, parents can be assured that their kids are feeding on tasty and nutritious diet balanced in right proportion. With multiple use cases and brand extensions, this can become a highly scalable business model,” said Ashish Fafadia, chief financial officer at Blume Ventures. Source- Techcircle