Food Tech Startup Leaping Caravan Raises $150K In Seed Funding

Gurgaon-based foodtech startup, Leaping Caravan, has raised $150K in funding from a group of angel investors. The raised funding will be used for business expansion, stringent marketing, technology enhancement, manpower acquisition and expanding operations.

Founded by Megha Tuli, Leaping Caravan offers Indian food with delightfully traditional experience primarily to corporate customers across Gurgaon and Delhi.

Besides, the funding will also be used to set up another delivery center in Delhi and boost orders to more than 100 orders a day across the city from the current 30 orders. It is further planning to expand to two more kitchens across Delhi.

Currently, 70% of the orders come through the website in which 60% of the customers are corporate players.

The company also told ET that next year it will raise its pre-series round funding of about $2 Mn from an early stage VC to expand to other cities.

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