Startup Terminal
  • News
    • Technology
    • Funding
    • Tie-up
    • Acquisition
    • Australia Startup News
    • Singapore Startup News
    • India Startup News
    • UAE Startup News
    • UK Startup News
    • US Startup News
    • Launch
    • Video
  • Interview
  • Feature
  • Events
  • Variety
    • Startup Terminal 40 Under 40
  • Privacy Policy
  • Refund and Cancellation policy
    • Terms and Conditions
  • Contact Us
No Result
View All Result
  • News
    • Technology
    • Funding
    • Tie-up
    • Acquisition
    • Australia Startup News
    • Singapore Startup News
    • India Startup News
    • UAE Startup News
    • UK Startup News
    • US Startup News
    • Launch
    • Video
  • Interview
  • Feature
  • Events
  • Variety
    • Startup Terminal 40 Under 40
  • Privacy Policy
  • Refund and Cancellation policy
    • Terms and Conditions
  • Contact Us
No Result
View All Result
Startup Terminal
No Result
View All Result
Home Funding

ChefKart raises $2 million, led by Blume Ventures and Pravega Ventures

StartUp Terminal Bureau by StartUp Terminal Bureau
July 25, 2022
in Funding
0
(L-R) Aman Gupta, Vaibhav Gupta, Arpit Gupta

(L-R) Aman Gupta, Vaibhav Gupta, Arpit Gupta

165
SHARES
2.1k
VIEWS
Share on FacebookShare on Twitter

New Delhi: ChefKart, a Gurugram-based at-home cooking services platform, has raised $2 million in a seed round of funding led by Pravega Ventures and Blume Ventures, with participation from Deepinder Goyal, Titan Capital, Kunal Shah, Tremis Capital, Lets Venture, and other prominent angels. ChefKart upskills local cooks into trained & professional home chefs who deliver world-class cooking services.

The capital raised will be utilized to further Chefkart’s vision to become the lead provider of subscription-based at-home cooking services in Gurugram and expansion to other geographical territories. The products and services offered aim to revolutionize the end-to-end kitchen needs of users. One of the immediate goals for the business is to improve the customer experience and increase tech adoption among service providers.

According to a FICCI – PwC report, the Indian Food Services market is valued at INR 5,52,000 crores in 2022, with the unorganised sector claiming over 57% of the market share. There is a huge demand for reliable cooking services. ChefKart aims to bridge this gap by transforming this untapped sector’s workers into reliable service providers. 

ChefKart is transforming the hospitality industry by upskilling the unorganized home cooking spacer. The company has also built hyperlocal marketing and established supply control in Gurugram, with strategic plans for the upcoming expansion to other regions. ChefKart launched new lines of business i.e. Chefs for parties, and the team is also working on expanding through adjacencies available in the business.

ChefKart was founded in 2020 by Vaibhav Gupta, Aman Gupta, and Arpit Gupta to solve the problem of the lack of reliable at-home cooking services.

Vaibhav Gupta, CEO & Founder, ChefKart, said, “We have served over 3200+ families and are managing over 2300+ cooking sessions daily with a 15% MOM growth. 3 co-founders being Guptas, cost-saving is our DNA. Urban Company shutting down their chef services again makes us the market leader and proves our mantle of running and building a large-scale enterprise.”

As organizations slowly realise that subscription-based services are the future, it makes it critical for the company to build a much-needed platform and thrive in this market.  India’s at-home cooking industry is set for the next wave of growth with digitisation. ChefKart targets an essential requirement of every household and aims to simplify at-home cooking services. The company forecasts aggregation on top of the grocery delivery space, with a goal to capture the time spent by consumers planning their daily meals and their arrangements.

Mukul Singhal, Co-Founder and Partner at Pravega Ventures said, “ChefKart is driven by the idea to digitise an essential service that is largely unorganised. They are the pioneers in streamlining an industry with tremendous untapped market potential in capturing customer food wallets. By also empowering the local community, they are on their way to developing a complete ground-to-customer supply-demand chain. It may be a challenging process, but the positive cash cycle model of ChefKart has significantly changed the way at-home cooking functions in India.”

“On the partner front, we are relentlessly working towards streamlining our home chefs’ onboarding and state-of-the-art training process. This is just the beginning, and a majority of the people are realising that multi-cuisine delicacies can be made in the comfort of their home and according to their taste easily through our platform”, Arpit Gupta, COO, ChefKart, added. 

Traditionally, customers tend to pay for food-related services after consumption, but the subscription-based concept is dramatically changing how this market works.

Tags: ChefkartChefKart raises $2 million
StartUp Terminal Bureau

StartUp Terminal Bureau

Startup Terminal is a global news portal reporting news and analysis on technology, start-ups, and business-related news from all over the world. We exclusively feature entrepreneurs, startups, businesses, and technology companies to reach out to a wider audience. Contact us at editorial@startupterminal.com

Related Posts

Singapore Based Drake Trade Invests $2 Mn in India’s The Fuel Delivery
Funding

Singapore Based Drake Trade Invests $2 Mn in India’s The Fuel Delivery

August 1, 2023
Funding into FinTech startups in India plunges 67% in H1 2023
Funding

Funding into FinTech startups in India plunges 67% in H1 2023

July 24, 2023
Rannkly Secures $185,000 in Seed Round Funding
Funding

Rannkly Secures $185,000 in Seed Round Funding

June 27, 2023
Next Post
Sanjay Jalona

ChrysCapital Appoints Sanjay Jalona as an Operating Partner

HCL Technologies Wins the Cisco Global Digital Sustainability Award

HCL Technologies Wins the Cisco Global Digital Sustainability Award

Qapita acquires ESOP Direct

Equity Management firm Qapita acquires ESOP Direct

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Christopher Kelly Launches The Onyx Global Academy Focused on Online Self-Determined Learning

Christopher Kelly Launches The Onyx Global Academy Focused on Online Self-Determined Learning

3 years ago
Video Interview: Bianca Muntean, Executive Director, Aries Transilvania, iTech Transilvania Cluster

Video Interview: Bianca Muntean, Executive Director, Aries Transilvania, iTech Transilvania Cluster

5 years ago
stc pay enters into a strategic partnership with Visa

stc pay enters into a strategic partnership with Visa

3 years ago
MWCapital selects two projects to empower people with visual disabilities and total paralysis

MWCapital selects two projects to empower people with visual disabilities and total paralysis

6 years ago
International Women’s Day Interview: Falak Merchant, Founder, RMZ Food & Hospitality

International Women’s Day Interview: Falak Merchant, Founder, RMZ Food & Hospitality

6 years ago
No Result
View All Result

Must Read

enza group and Wema Bank Join Forces to Boost Ecommerce Payment Acceptance

Mubadala Energy’s 2022 Sustainability Report Signals its Intensified Focus on Decarbonisation Initiatives

IAA Leadership Awards honours outstanding achievers

Neweast to establish AED500 Mn Automotive Parts Distribution hub in Jafza

Prosper Real Estate set to elevate UAE’s realty landscape with growth and investment opportunities

NLB Healthcare Partners with Nursing Norway AS and World Trade Center Pune to Launch Recruitment Platform for Indian Nurses

Trending

Anaptyss Launches New Global Capability Hub and Innovation Center in India
Launch

Anaptyss Launches New Global Capability Hub and Innovation Center in India

by StartUp Terminal Bureau
September 27, 2023
0

New Delhi, India, September 27, 2023: Anaptyss - a digital solutions and domain specialist serving the banking,...

AI4Rx launches MedBeat HealthConnect App

AI4Rx launches MedBeat HealthConnect App

September 21, 2023
PrepInsta Sets To Achieve 2.25 Lakh Student Placements Goal For FY 23-24

PrepInsta Sets To Achieve 2.25 Lakh Student Placements Goal For FY 23-24

August 11, 2023
enza group and Wema Bank Join Forces to Boost Ecommerce Payment Acceptance

enza group and Wema Bank Join Forces to Boost Ecommerce Payment Acceptance

August 10, 2023
Mubadala Energy’s 2022 Sustainability Report Signals its Intensified Focus on Decarbonisation Initiatives

Mubadala Energy’s 2022 Sustainability Report Signals its Intensified Focus on Decarbonisation Initiatives

August 10, 2023
Startup Terminal

Startup Terminal is a global news portal for Technology, Startups, and Businesses. Reporting on technology, start-ups, and business-related news from all over the world. We exclusively feature startups, and technology companies to reach out to a wider audience.
Startup Terminal is an official media partner at global conferences like:
#Mobile World Congress 4YFN,
#Barcelona, Spain
#ConnecTechAsia, Singapore (Formerly CommunicAsia)
#NXTAsia, Singapore
#Africa Com, Cape Town, South Africa
#Converge Events, Singapore
#young Startup Ventures, USA

Follow us on social media:

Recent News

  • Anaptyss Launches New Global Capability Hub and Innovation Center in India September 27, 2023
  • AI4Rx launches MedBeat HealthConnect App September 21, 2023
  • PrepInsta Sets To Achieve 2.25 Lakh Student Placements Goal For FY 23-24 August 11, 2023
  • enza group and Wema Bank Join Forces to Boost Ecommerce Payment Acceptance August 10, 2023
  • Mubadala Energy’s 2022 Sustainability Report Signals its Intensified Focus on Decarbonisation Initiatives August 10, 2023
  • IAA Leadership Awards honours outstanding achievers August 10, 2023
  • Neweast to establish AED500 Mn Automotive Parts Distribution hub in Jafza August 7, 2023
  • Prosper Real Estate set to elevate UAE’s realty landscape with growth and investment opportunities August 3, 2023

Readers’ Choice

  • Aneesha Dalal, SHIAMAK Dance Academy

    Interview: Aneesha Dalal, Master Instructor and Principal Dancer at The SHIAMAK Dance Academy

    351 shares
    Share 140 Tweet 88
  • International Women’s Day Interview: Arpita Mehta, Fashion Designer

    330 shares
    Share 132 Tweet 83

© 2023 Startup Terminal - Leading digital news portal-Startup Terminal | All Rights Reserved.

No Result
View All Result
  • News
    • Technology
    • Funding
    • Tie-up
    • Acquisition
    • Australia Startup News
    • Singapore Startup News
    • India Startup News
    • UAE Startup News
    • UK Startup News
    • US Startup News
    • Launch
    • Video
  • Interview
  • Feature
  • Events
  • Variety
    • Startup Terminal 40 Under 40
  • Privacy Policy
  • Refund and Cancellation policy
    • Terms and Conditions
  • Contact Us

© 2023 Startup Terminal - Leading digital news portal-Startup Terminal | All Rights Reserved.