Startup IdeaChakki Raises Funds From Ratan Tata

32
cmt right
42
Comment Right
67
cmt right
6
cmt right
Printer Print Email Email


NEW DELHI: Food tech startup IdeaChakki has raised an undisclosed amount of funding from leading industrialist Ratan Tata.

The city-based startup, which provides digital video menu for restaurants and allows customers to gift food and beverage experience across the world, has also partnered with investment bank Enablers for their next round of funding.

The funds raised from Tata will primarily be used for expansion into new geography, along with building the in-house team and strengthening the technology, IdeaChakki said in a statement.

The Chairman Emeritus of Tata Sons has been actively investing in startups in India and abroad. Some of these firms include Snapdeal, Kaaryah, Urban Ladder, Bluestone, CarDekho, Sabse Technologies, Xiaomi, Ola, DogSpot.In, Tracxn, CashKaro, FirstCry and Teabox.

Set up by three former Ndtv executives, the company is targeting premium restaurants in Delhi-NCR and aims to expand its operations in the country and set up its first international office in Paris.

"It feels great to have received a funding from Mr Ratan Tata. We are world's first video-based food tech to introduce such a concept, which change the face of hospitality world and lifestyle of users," IdeaChakki co-founder Gunjan Mehrish said.

Additionally, Tata's validation on idea will help in attracting more investors given his experience in managing and running Taj group of hotels, he added.



Read Also:
RJio Parks 5000 Cr Fund For Startups
PM's Vision Hits a Roadblock as E-commerce Organizations Demand Exempt


Source: PTI
SPOTLIGHT
US Indian
An Indian-American teenager has been conferred with the 2019 National STEM (Science, Technolog..
Gadgets
Chipset-making giant Qualcomm has listed chipsets such as Snapdragon 855, 845, 710, 675 and 67..
Career
IIT Roorkee organized an MoU exchanging ceremony between the Govt. of India Department of Scie..
Startup City
India Accelerator, a GAN partnered, mentorship-driven, acceleration program hosted ‘The Inner Ci..
Business
Hinduja Global Solutions here on Monday said it has set up a centre of excellence to train disable..
Entertainment
First things first. "Made In Heaven" is the sexiest webseries India has produced, no doubt about i..
Enterprise IT
PayByPhone, the global leader in mobile parking payments, today announced that it will appoint And..
Technology
Facebook ruled out a cyber attack on its products Whatsapp, Instagram and Messenger, which suffere..
Finance
The Department of Telecommunications (DoT) in consultation with the Finance Ministry plans to spli..