Bangalore-based Jiyo Natural, a startup that offers personalised nutritionally balanced food, has acquired Bangalore-based food delivery company Sangeetha Aahar for an undisclosed amount.
Founded in March 2014 by Jayas Damodaran, Rajesh Singh, Sunandini Sharma and Gaurav Bhalotia, Jiyo Natural, offers healthy and wholesome meal options to a fast growing health conscious segment of the population. While, Sangeetha Aahar has been in the business of delivering food to corporate customers for over four years now.
With this, Jiyo Natural is hoping to grow its revenue by 30% and to increase its capacity by 140%.
Jiyo Natural MD, Jayas Damodaran said, “With the acquisition of Sangeetha Aahar, we will be delivering around 2,700 meals a day and aim to reach close to 4,000 in three months.”
Jiyo Natural said it also plans to introduce ready-to-cook personalised meals from next quarter.
The development was reported by Business Standard.
Prior to this, in April 2016, Bangalore-based foodtech startup Petoo raised $1Mn funding from early stage venture capital firm Axilor Ventures and some HNIs. Other startups in this segment include Sattviko, WIMWI Foods, InnerChef, etc.
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