Holachef raises Rs 20-crore Series A funding

Mumbai based restaurant in cloud, Holachef, has raised Series A funding of Rs 20 crore in a round led by Kalaari Capital. AnandLunia’s India Quotient will also be participating in this investment​.​

Holachef offers select signature dishes from professional and amateur, based​ on a dynamic daily menu. It ensures delivery of the meals at a pre-selected time slot by the customer. The service was founded in September 2014 and had raised a seed fund of Rs 2 crore by India Quotient in February 2015. The investment was in the form of convertible notes, a short term debt that converts to equity when a startup raises Series A funding.

“The investments will help us in fueling our infrastructural expansions that will enable better  preparation&​  delivery of the food. This will help us penetrate deeper into Mumbai as well as other cities in India,” said SaurabhSaxena, who founded Holachef along with Anil Gelra.​

Currently, Holachef is serving over ​1000 orders in a day across locations in Central and Western suburbs of Mumbai. It receives over 65% of orders through the mobile app on Android, iOS and rest from the desktop website.

Speaking about the investment, Vani Kola, MD, Kalaari Capital, says, “We are excited to be investing in Holachef. The team has a deep passion to offer great food and commitment to customer service. These are the ingredients to create a great company. We are pleased to be working with dedicated founders like SaurabhSaxenaand AnilGelra. We believe food tech will be a large opportunity in India.

AnandLunia, who is investing in the venture for the second time, says, “The fundamental idea behind Holachef is the fact that food for home delivery doesn’t need to be cooked inside restaurants only. Holachef is creating an alternate food supply the same way Airbnb created a whole new inventory of high quality rooms. We see this much bigger than mere aggregation of restaurant menus for delivery.”

On any given day, ​Holachef lists ​upto 50  options for lunch and dinner respectively along with some snacks. It offers starters, meals, desserts and soft drinks; catering to vegetarian and non-vegetarian customers. Regional Indian food to world cuisine, Holachef serves a good mix of dishes on a daily basis and delivers the food in a one-person meal format for nil or minimal wastage.