Bangalore based Cookaroo, a food delivery startup has raised angel funding from Vijay Krishna Yadav of Highland hospitalities and Sachindra Murugesh.
The funds will be utilized towards technology development and to scale operations across Bangalore and Hyderabad.
Darshan Subhash, CEO & Co- Founder, Cookaroo said “We will be utilizing a significant chunk of our funds towards improving the technology to serve our customers better. Through this investment, we are also planning to rigourously expand across different areas in Bangalore as well as in Hyderabad.”
With a gross margin of 21.5%, Cookaroo currently processes close to 200 orders per day and has 15 operational commercial partner kitchens across JP, Jayanagar, HSR, Koramangala, CBD (central business district). In the coming months, Cookaroo plans to expand to Sarjapur, Kammanahalli, Bellandur and many other prominent IT corridors in the city.
By April 2016, Cookaroo will also launch operations in Hyderabad.