The fresh funds will be primarily used by ScoopWhoop to expand its video production unit, 'ScoopWhoop Talkies'. However, the exact terms of the transaction were not disclosed.
Tag - Kalaari
Kalaari has fully deployed the earlier fund and has invested in more than 60 startups in the country (notable ones include Snapdeal, UrbanLadder). The fund roped in Ratan Tata as an advisor earlier this year.
Currently, Holachef is serving over ?1000 orders in a day across locations in Central and Western suburbs of Mumbai. It receives over 65% of orders through the mobile app on Android, iOS and rest from the desktop website.
The funds raised will be used to strengthen its presence across the country as well as launch a mobile app. Apart from that the company also plans to hire talent, innovate and add few more food products, and establish physical centers in Bangalore and Chennai.
The funds raised will be utilized for expanding its services across the country as well as in consumer and operator facing technology.
Ratan Tata’s recent investments include CarDekho, Urban Ladder, Bluestone and Snapdeal,
Both the two companies have raised funding from Kalaari Capital.