This Delhi-based online restaurant receives Rs 1 crore funding

With India emerging as a homeland to a number of startups, now another one in the line-up has joined the bandwagon. Leaping Caravan, a Delhi-based online restaurant that serves Indian cuisine to corporate customers across Delhi and Gurgaon, has initiated the first round of funding.

As reported by The Economic Times, Leaping Caravan has raised $150,000 (about Rs 1 crore) in the form of angel investments.

Megha Tuli, who is the founder and CEO of the company, holds a B.Sc degree in International Hospitality Management from Ecole Hotelier de Lausanne (EHL) in Switzerland and has a finance and hospitality background.

In an exclusive interaction with the business daily, Tuli said that the funds will help them grow the business at a monthly rate of 50%. The funds, as per the report, will be used for expansion, stringent marketing, technology enhancement, manpower acquisition and up-gradation of operations.

The company will now be able to set-up another delivery centre in Delhi and will also be able to increase the number of orders it gets daily. Currently, the company gets around 30 orders every day and the initial round of funding might help them get nearly 100 orders on a daily basis. Moreover, 70% of the orders come through its website as of now and 60% customers are corporate players.

Leaping Caravan caters the markets of Gurgaon and South Delhi with the help of two commercial grade kitchens. After this round of funding, two more kitchens might come-up in Delhi.

Image: indiatimes