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Wednesday, April 19, 2017

Holachef raises $5 million in Series B funding

Foodtech startup Holachef raises $5 million (Rs 32 crore) in Series B funding from Kalaari Capital. SIDBI Venture Capital and India Quotient.

Holachef CEO Saurabh Saxena said, the funding will be used for team building and scaling logistic infrastructure to streamline the business.

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Holachef will be opening its first customer-facing offline kiosk in Mumbai. Saurabh Saxena said, (The offline kiosk) is actually a distribution centre but more presentable and customer-facing so people can buy directly from there as well. The offline store will feature the entire menu for customers to choose from and educate them about the app.

Holachef has 15 centres in the city and is looking to double the number in the long-term.

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