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Mumbai's ZuperMeal gets USD 2mn capital infusion
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SME Times News Bureau | 09 Oct, 2015
ZuperMeal, the two-month-old Mumbai-based mobile app to order home cooked food, is to receive a capital infusion of USD 2 million or close to Rs.13 crore for an undisclosed stake from Celebrity Chef Sanjeev Kapoor and Ravi Saxena, promoter of Wonderchef, a kitchen appliance firm, it was announced on Thursday.
The move seeks to redress the social cause of women's empowerment and entrepreneurship besides creating a value proposition for the new growing Indian culture of eating out, the company said in a statement.
ZuperMeal is a marketplace for home cooked food. Ravi Saxena is a leading hospitality business expert and is known for having built from scratch companies like Sodexo, Gloria Jean’s Coffees, Yellow Chilli Restaurant Franchise and now Wonderchef.
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