Living Food, a first-party market platform centered on contemporary meals, on Wednesday stated it has raised USD 7.5 million (round Rs 55.8 crore) in a funding round led by Amasia.
Other traders in the Series A round embrace SOSV, Blume Founders Fund, and notable angels together with Xander Group founder Sid Yog and Nexus Venture Partners co-founder Sandeep Singhal.
The funds will probably be used to enterprise into extra markets, develop the staff, make investments in tech and logistics and launch new manufacturers, a firm assertion stated.
“This funding round is a testomony to our relentless concentrate on reworking our shoppers’ consuming behaviours. We did it by offering entry to a huge choice of contemporary, clear, and credible meals by means of our quick and revolutionary contemporary meals provide chain,” Living Food Founder and CEO Akash Sajith stated. Living Food will proceed to work in the direction of offering locally-sourced wholesome meals that’s good for the individuals and proper for the planet earth, he added.
Living Food will proceed to work in the direction of offering locally-sourced wholesome meals that’s good for the individuals and proper for the planet earth, he added.
Started in 2018, Living Food delivers contemporary and locally-sourced produce to shoppers inside the day of harvest or manufacturing.
Since then, the corporate has expanded to incorporate over 700 stock-keeping items (SKUs) in 24 classes, comparable to seasonal
fruits, leafy greens, contemporary bread, artisanal candies, spreads and sauces, cold-pressed oil, and lots of extra in Bangalore and
presents a choice of merchandise additionally for nationwide supply.
The firm plans to develop to Mumbai in early 2022, and to extra markets later in the yr.
Living Food at the moment fulfils 99 per cent of its deliveries in underneath 24 hours, with 80 per cent of orders delivered inside six
hours, as per the assertion.
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