InnerChef raises $6.5mn from Japan’s Mistletoe, others
Shared cloud kitchen platform InnerChef India Pvt. Ltd has raised $6.5 million in a pre-Series B round led by Japan’s Mistletoe Inc. and Das Capital, the company said. Existing investors who participated in the round include Mohan Das Pai’s Saha Fund, and M&A Partners. The funds will be used for brand building and developing the subscription model.
InnerChef had raised an unknown amount in its Series A funding round from Russia’s Chernovetskyi Investment Group, shows Crunchbase data. The company claims to have raised $10 million in funding so far.
Rajesh Sawhney, co-founder and CEO, InnerChef, said: “The fresh funding will be used to strengthen the brand portfolio. Healthie, for instance, has become a category-defining brand in 2018. We are also using the fresh round of funding to further strengthen our shared kitchen platform across India.”
InnerChef is planning to develop existing brands such as Healthie, Bombay Sandwich Company, Thalis of India, YumYumDilli and YumYumSouth, with a major focus on developing Healthie. Certain new brands are being developed to be exclusively listed on other food delivery platforms.
Currently, it has about 25 kitchens across six cities. The target is to expand to 100 kitchens across 10 cities, including Chennai, Kolkata and Pune.