
Zzungry, a Bengaluru-based foodtech startup has raised an undisclosed amount of seed funding from Silicon Valley-based entrepreneurs Satish Vasudeva, Madhusudhan Jujare and a group of other individual investors.
The funds raised will be used towards unit expansion and building revenue channels.
Commenting on the company’s growth plans, Subash Baliga, co-founder, Zzungry said “At Zzungry, our aim is to introduce exotic Indian dishes to a larger audience at an affordable price. With the new investments, we will be setting up new kitchens to expand our footprint in Bengaluru. We will also be using a significant chunk of funds towards ramping up operation efficiency and marketing.”
Founded in September 2015 by Subash Baliga, Sandeep Rana and Ashish Kalya, Zzungry
Zzungry currently operates through a delivery model with six operational kitchens in Bengaluru, (Indiranagar, BTM, HSR, Marathahalli, Electronic City and Whitefield). The À la carte menu is priced between INR 195 to INR 320. The combo meals are also priced around the same range. Currently it is processing more than 150 orders in a day.
In future, Zzungry plans to foray into other destination verticals, beyond the food delivery model. In the coming months, Zzungry plans to enter into retail with a new category of offering and will explore avenues like malls and tech-parks to reach out to a larger consumer base. The startup is also planning to raise a second round of funding by the end of 2016.
Earlier in July 2016, another foodtech startup Twigly raised $600K seed funding. Tracxn Labs, Hyderabad Angels, Kunal Shah (co-founder, FreeCharge), Aditya Verma (co-founder, Makaan.com), Gaurav Bhalotia (Vice-president of Engineering, Flipkart), partners at McKinsey and other angels participated in this funding round of Twigly. . Other startups in this segment include EasyKhana, InnerChef, Faasos, Petoo Sattviko, WIMWI Foods etc.