SpoonJoy Secures $1mn From SAIF; Wants To Be The Pan-India Internet-First Restaurant

Foodtech startup, Spoonjoy has raised $1mn from SAIF partners.
SpoonJoy started operations in July 2014 and is currently operational in Bangalore. Post funding, Spoonjoy will expand to Delhi & Mumbai in next 2 months.
The company earlier raised angel round from Sachin Bansal and others.


We are bringing an alternative to cooking at home.  Restaurant food is not something you can eat or you can afford everyday. Our aim is to make healthy & affordable meal accessible to everyone at a click of a button. 70% of our customers order from mobile app. A typical high quality meal at SpoonJoy costs less than Rs. 100.
We are able to achieve this by optimising supply chain & using technology to minimise delivery cost. [Manish Jethani, cofounder of Spoonjoy]
Foodtech space in India has seen massive funding over the last few months, but Spoonjoy is extremely focused on a defined segment – the company started with fruits, learnt the operational part of the business and expanded into the other categories (primarily focused on office crowd).
SpoonJoy is an Internet first restaurant, which is an exciting new format that has emerged globally. It is a highly scalable and capital efficient business. Manish has brought together a very strong management team and we believe they have the potential to build a pan-India Internet first restaurant. We are very excited to partner with them in this endeavour. [Vishal Sood, MD SAIF Partners]

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