Restaurant Franchise Opportunities

Investment Jun, 13 2013

Delivery Hero invests in TastyKhana

Delivery Hero, the global online food ordering and takeout service, has invested USD 5m in TastyKhana, a Pune-based food delivery site.

By Franchise India Bureau
Delivery Hero invests in TastyKhana

Delivery Hero, the global online food ordering and takeout service, has invested USD 5m in TastyKhana, a Pune-based food delivery site.

The strategic investment will help TastyKhana to understand global best practices and work towards delivering a better experience for its customers. The knowledge and support TastyKhana received from Delivery Hero in the last one year helped them to bootstrap their start-up to the next level.

Over the partnership with TastyKhana, Niklas Östberg, CEO, Delivery Hero said, “The strength in our core market allows us to invest in smaller, innovative companies, like TastyKhana, to accompany them with technological know-how and financial resources on their way to the top”

With this investment Tastykhana’s valuation is expected to be around USD 16m – USD 18m.

TastyKhana was launched in 2007 in Pune by Shachin Bhardwaj and Sheldon D’Souza and has now grown into a multi-city online food delivery network delivering in Pune, Mumbai, Bangalore, Gurgaon, Delhi, Noida and Faridabad.

Related: Ravi Jaipuria's bottle arm Varun Beverages to raise Rs.1,000 crore through IPO

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