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Chef-made meals provider Bite Club raises pre-Series A fund

Company to use proceeds to expand its footprint in Delhi-NCR and introduce more product categories

BS Reporter  |  Chennai 

Bite Club raises Pre-Series A fund from growX ventures

Gurgaon-based Bite Club, a marketplace for chef prepared meals, has raised a pre-Series A round of funding from growX ventures. The amount has not been disclosed. The Phoenix Fund via Enablers and existing investors Powai Lake Ventures also participated in the round.

The company said in a press release it is planning to utilise fresh round of capital infused to expand its footprint in Delhi-NCR and introduce more product categories.

Started in November 2014, Bite Club acts as a marketplace connecting chefs and consumers and can order from via their mobile and web app.

The firm has already served over 1,00,000 meals within one year of its inception, and is currently delivering almost 1,000 meals a day.

The food delivery platform brings a mix of offerings in the gourmet and food segment across regional Indian & World cuisines within the price range of Rs 100-300 per person. Carrying certain traits of both a restaurant and a Tiffin service, Bite Club is not conventionally one or the other. At present, it is on an expansion spree in the entire Delhi NCR region.

"With the current round of funding, we looking to go deeper into the current market, improving efficiency, building a strong platform for growth and introducing newer products" said Ashish Taneja, Managing Director at growX ventures.

Earlier this year, BiteClub had raised an angel round from Powai Lake Ventures with participation from angels including Aneesh Reddy (Capillary Technologies), Ashish Kashyap (Goibibo Group) and Alok Mittal (Canaan Partners).

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First Published: Wed, December 02 2015. 00:11 IST
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