India’s start up scene is gaining steam; all thanks to the some of the best think tanks of the country investing their money enthusiastically into start ups. Having funded a couple of start ups recently, Ratan Tata is now investing in Holachef, a Mumbai-based food start up.
Tata first invested in March 2014 in Altaeros Energies, a wind energy start-up founded by graduates of the Massachusetts Institute of Technology. Since then, he has funded quite a few start ups, including woman’s fashion portal, Kaaryah.
Besides turning investor, Tata, is also an adviser to Kalaari Capital along with putting capital in some of its portfolio companies like Snapdeal, Urban Ladder, and BlueStone earlier. He typically invests small amounts - less than $1 million - in early-to-late stage ventures.
A brain child of Saurabh Saxena, Holachef provides home cooked at affordable prices, all across Mumbai and Pune. Holachef had raised Series A funding of Rs 20 crore in a round led by Kalaari Capital in June this year. Holachef had raised a seed fund of Rs 2 crore from India Quotient in February 2015.
Saurabh Saxena, Co-founder and CEO, confirmed about the funding and told Business Insider India, “With his(Ratan Tata) guidance, Holachef is sure to become a leader in the food-tech space, with customer delight at its core. By winning his trust, we have raised the bar of quality and excellence for ourselves.”
Holachef has a couple of competitors in the market, including BiteClub, Eatlo and TinyOwl Homemade. Founded by Saurabh Saxena, Gelra and Ritu, this start up have both professional and amateur chefs in its platform.
Also Read: If you want Ratan Tata to invest in your start-up, just ask him! Your wish might just get answered!