Mumbai-based iChef.in, a gourmet meals startup, has raised an undisclosed amount of funding from Springboard Ventures, an investment company of media house Times Group’s holding company Bennett, Coleman & Co Ltd (BCCL).
Founded in 2014 by Chirag Arya, iChef, is operated by Arya Food and Packaging Pvt Ltd. The startup delivers ready-to-cook gourmet recipes with pre-portioned fresh ingredients. Users can order ingredients according to the dish they pick from their menu.
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Currently, the company is operational in Mumbai only. However, it is also planning to stretch its service in 10 other cities in next 18 to 24 months.
Here’s how it works:
BCCL targets firms with consumer products or services that require advertising. It uses its ad space in various media properties as a currency to pick stakes in small, medium as well as large companies.
Few other players operating in this space include Gurgaon-based Bite Club, Yumist and Bangalore-based SpoonJoy.
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