Latest posts by TheStartupMojo (see all)
- Paytm Debit cards will now be delivered via App. Paytm to touch $14 Bn GMV - January 19, 2018
- Angel List started their Syndicates Platform in India - January 17, 2018
- Razor Pay raises $20 Mn as Series B from Tiger Global and Y Combinator - January 16, 2018
With something as basic as food there will always be room and space for picking up the users with specific behavioural patterns and then rendering services to match the expectations of the end user.
One such Startup that brings in the freshness of pure veg food as well as have established their footprint by catering esteemed list of clients such as Spice Jet, Lufthansa, Taj Hotels, Chai Point and Tpot café, Sattviko has raised an undisclosed amount of funds from Arvind Uppal, (Chairman, Whirlpool), Sonu Bhasin (founder Families and Business – FAB), G Karthik (Partner, Global Holdings), G Ravishankar (former CEO Jet Airways) and others.
A quick brief of Sattviko
Sattviko has been operational since 2013 and was founded by Prasoon Gupta, Ankush Sharma and Rahul Gupta. The company runs their Quick Service Restaurant (QSR) Sattviko which serves food without onion and garlic. Apart from Supplying Food and QSR’s the company also sells Ayurvedic products online through its own online marketplace along with its own delivery services, it stared February, 2017.
The company claims to have achieved the mark of being profitable in July, 2016. Speaking on te development Prasoon Gupta, co-founder of Sattviko stated, “We aim to penetrate deeper into existing geographies and grow into newer cities in India. To achieve this goal, the brand is already working on launching new product lines in different parts of the India. Sattviko has proven that snacks can be tasty enough to tempt the taste pallet without compromising any of the nutritious value.”
With the sudden shift around the VC’s perception around FoodTech, it is expected to witness a sharp surge in investment funds from VCs. Majorly this is attributed to small yet recent success of Zomato completing 3 million orders and Global VC like Alibaba looking forward to invest into FoodTech.