ChefKart Raises $300K Pre-seed Round

Advertisements

ChefKart, end to end kitchen aide, has raised a $300 K pre-seed round of funding from Titan Capital, Lead Angels, Pravega Ventures, Manyavar Family Office (Ravi Modi), Vipul Allawadhi (Co-Founder, Kutumbh), Puja Vijayvargiya (Founder). The start-up will use the funds to develop a product that can help users manage end-to-end kitchen needs, upskilling & training of cooks to make them more professionals, acquiring more customers and chefs on the platform, and scaling up the business in Delhi NCR (Noida, Delhi).

ChefKart was founded in 2020 by three IIT graduates, Vaibhav Gupta, Arpit Gupta, and Aman Gupta. 3 good friends, 3 swanky jobs, solo living, and one common problem: dealing with food issues.They wanted to understand and validate the eating patterns of young urban professionals. Soon a closed-group primary research study was undertaken. What emerged from the research led to the inception of ChefKart with crisp USPs.

ChefKart fills the gap by providing trained and verified home cooks who create perfectly hygienic meals suited best to your taste at the comfort of your palms. With a vision to operate and manage millions of kitchens across the globe, ChefKart is providing at-home cooking services in a way that has never been experienced before. And it doesn’t end here, they have big plans for evolving the way kitchen space is managed today.

On receiving funding and talking of the venture, Vaibhav Gupta, CEO and Co-Founder, ChefKart, said, “ChefKart has served over 500+ customers even during COVID times and managed to grow 50% MOM. Since inception, we have onboarded 2200 service professionals covering almost the entire Gurgaon. People see COVID as an opportunity loss but it has proved to be a blessing in disguise for us as people have realized the importance of home-cooked food.”

“I believe we have the right set of investors who betted on the right set of people to solve the daily problem of managing a kitchen. We are onto creating something unique and big just like Uber and Urban Company, and this is just the beginning of our journey. And with Urban Company entering into this market, our journey became a lot more interesting given the large market size”Vaibhav furtheradded.

“People spend a minimum of 2 hours every day on food – planning their meals, buying groceries, cooking food or managing their home-chefs. With time, lesser people will cook their own meals and rely on someone to prepare it. Nothing can beat the taste, economics and nutrition of home-cooked food. What ChefKart is solving is need of the hour and this service industry is really big, think global. With the product they envision, it is going to be an interesting journey with the team.” – Mukul Singhal, Partner, Pravega Ventures.

Bipin Shah, Partner at Titan Capital, said, “We believe ChefKart has identified a substantial and promisingsegment of the food industry and tackled a major problem of working professionals living away from their homes who deserve better value for their money.ChefKart is streamlining an essential service industry, and the team has shown extensivegrowth in the past year. Their approach towards solving the problem is extra-ordinary and we know this will become global. ChefKart is a great addition to our investment portfolio, and we are looking forward to working with the team.” ChefKart is a platform that is creating a close-knit ecosystem catering to all the kitchen needs and is creating a clear value add for both its customers and chefs by organizing the cooking sector.



Categories: Uncategorized

Tags: , , , , ,

Leave a Reply Cancel reply

%%footer%%