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Food robotics company Mukunda raises $8 mn in round led by Zomato

Zomato's investment in Mukunda has come amid the food delivery's announcement to launch a 10-minute delivery service

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Deepsekhar Choudhury Bengaluru
Food robotics company Mukunda Foods has raised $8 million in a funding round led by Zomato, taking the company's post-money valuation to $30 million. Zomato invested $5 million as part of the funding round.

The company had previously raised funds from Ncubate Capital, Singapore Angel Network, and Indian Angel Network. The company plans to utilise funds to expand its reach across QSRs, cloud kitchens and the fine dine segment. The company also plans to use a part of the raised capital to introduce services to help the F&B businesses scale.

Mukunda said its products enable restaurants to scale rapidly while

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First Published: Mar 24 2022 | 1:07 PM IST

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