2015 may not have been the best of years for food tech startups, but many new investments are happening nonetheless. One of the latest exciting bits of news dealing with this sector is the funding raised by Bite Club recently. The Gurgaon-based startup succeeded in raising an undisclosed amount of funding in a round led by growX Ventures. The round also saw participation from Phoenix Fund and Powai Lake Ventures. The startup is likely to use the funding for further expansion, especially in the NCR region. A much wider range of services will soon be available via its apps and excellent online platform.
About Bite Club
Bite Club was set up in Nov 2014 by Prateek Agarwal, Aushim Krishan and Siddharth Sharma. The startup primarily aims to be a marketplace producing chef prepared meals. No longer will customers have to go through the profiles of numerous restaurants to book their services-Bite Club allows for the delivery of a wide range of excellent meals. Ordering meals is made easy, and is possible via the Bite Club app, which is available for both Android and iOS users. Furthermore, the Bite Club menu changes daily, and is prepared by an excellent team of home chefs, amateur chefs and professional chefs. Most meals are available for Rs. 100-300 per person.
The past and the future
This excellent combination of affordability and convenience has already enabled Bite Club to reap rich dividends. An earlier round of angel funding was raised by Bite Club from Powai Lake Ventures. That round also saw the participation of noted investors, such as Ashish Kashyap from Goibibo.
Bite Club’s focus on customer satisfaction and versatility are certain to keep it relevant at a time when many other food tech startups are finding it hard to secure adequate funding.