Founded in 2015 by Bal DiGhent, Rajesh Sawhney, and Sanjeev Singhal Innerchef India Pvt Ltd has raised $6.5 Mn (INR 43 Cr) in a pre-Series B round led by Mistletoe Inc. and Das Capital. The Gurgaon based company says funds will be used for brand building and further strengthen its shared kitchen platform across India.
This round of funding was led by Mistletoe Inc. and Das Capital along with existing investors including Mohandas Pai’s Saha Fund, Times Group’s investment arm, Brand Capital and M&S Partners.
The startup is currently operating in 6 cities around the country with 25 kitchens and has multiple brands in the portfolio including Healthie, Bombay Sandwich Company, Thalis of India, YumYumDilli and YumYumSouth. Healthie being the most successful among all.
Innerchef is planning to deploy the newly raised funds on strengthening the brand portfolio and expanding its footprint in 10 additional cities including Pune, Ahmedabad, Kolkata, Chennai, and Jaipur. The company will build 100 cloud kitchens this year.