Even as some food-tech start-ups are shutting shop and some others are struggling to expand due to cash flow and productivity issues, entrepreneurs and investors continue to show interest in this category. Gurgaon-based Twigly, a curated food marketplace, has raised USD200,000 in its angel round lead by Trcaxn Labs and other angel investors.
Amit Gupta, co-founder of InMobi, Sahil Barua, co-founder of Delhivery, Mukul Singhal of SAIF Partners, and Deepak Singh of Anzy Careers are other angel investors.
Read: Is online food retail in the pink of health?
The raised funds will help Twigly to expand its presence in Delhi in the next three months, the company said in an official statement. It also plans to tie-up with third-party hyperlocal delivery companies such as Opinio in the future. However, it will continue to own a section of the delivery fleet to provide a better customer experience.
Founded in September 2015 by Sonal Minhas, Rohan Dayal and Naresh Kumar Kachhi, Twigly functions based on an online kitchen model. It aims to make organic food affordable and easily available. The food is prepared at a central kitchen and delivered to customers directly.
The company has a 600 sq. ft. kitchen in Gurgaon that can process around 120-150 orders on a daily basis. Currently, it’s operational in Gurgaon only with four delivery boys on the payroll. Addition of another kitchen is also on the cards, enabling Twigly to process 400 orders a day.
Must Read
