Frsh.com, an on-demand meal service providing platform which differentiates itself by the promise of providing fresh meals, has raised under $ 1 million in a bridge round from Mumbai Angels, Mayank Bhangdia – co-founder of Roposo, and the company’s existing investor – Kae Capital (according to reports published in VC Circle)
The firm will use the funds for expansion, co-founder and CEO Badal Goel. Founded in January 2014, Frsh.com is an on-demand food service start-up in the healthy eating segment. The company prepares around 20 items such as sandwiches, salads and beverages at its three kitchens in Noida, Gurgaon and Delhi.
Earlier, in February, the company had raised $5,18,000 in seed funding round from India Quotient and Kae Capital.
The company assures delivery within 60 minutes. It says delivery time will reduce as it has plans to join hands with hyperlocal delivery startups.
Speaking on the occasion, the CEO, Badal Goel said, “After reaching a reasonably big scale in Gurgaon a couple of months back, we realised that we would need to make some important changes in our operations if we want to reach a similar scale in other cities. This funding gave us the necessary fuel to make the changes without worrying too much about numbers.”
(With inputs from VC Circle)