Badhaan Acquires Early-Stage Funding From iAngels of India Accelerator
A seed funding round led by India Accelerator nets an unspecified value for the foodtech B2B procurement portal Badhaan.com. HNIs and industry veterans like Pramod Veturi, Sivaram Vallampati, Anand Mahadevan, and others participated in the investment round as well.
The company intends to use the capital it has collected for platform development, commercial expansion, and the introduction of private label products. The founder of Badhaan.com, Vishnu Vikyath G, described the company's mission as follows: "The cash flow, inventory level, and bottom line of a cloud kitchen or restaurant are all improved by Badhaan. Because true value in B2B markets is driven by financial empowerment of business, that has always been our vision."
"Raw Material acquiring accounts for 35 per cent of a restaurant's cost structure. A data-driven platform has a huge potential to disrupt the market, and Badhaan is already achieving that. We are thrilled to work with them to coordinate the restaurant procurement "Co-Founder of India Accelerator Munish Bhatia In India, the industry for restaurant procurement is worth USD 70 billion and expanding at a 10% CAGR.
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