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Dec, 01 2015

Bite Club raises Pre-Series A funding from growX ventures

The Gurgaon-based online marketplace for chefs will utilize the fresh round of capital for deeper expansion in Delhi and launch of new product categories.

Nusra

Gurgaon-based Bite Club, a marketplace for chef prepared meals, has successfully raised a Pre-Series A round of funding from growX ventures. The Phoenix Fund via Enablers, and existing investors Powai Lake Ventures also participated in the round. The company plans to utilize the fresh round of capital infused to expand its footprint in Delhi-NCR and introduce more product categories.

Started in November 2014, Bite Club acts as a marketplace connecting chefs and consumers. They have a daily changing menu that customers can order from via their mobile and web app. The food is prepared by a curated community of home chefs, amateur chefs, and professional chefs. The firm has already served over 1,00,000 meals within one year of its inception, and is currently delivering almost 1000 meals a day.

Commenting on this fresh round of funding, Prateek Agarwal, the CEO and Founder, Bite Club said, "At Bite Club, we are chasing a vision of replacing home cooking. We have had a fabulous first year of operations and recently hit the milestone of serving 1,00,000 meals in the city. We’re blessed to have some of the best home-chefs on our platform relentlessly working to delight our consumers with wholesome meals every day of the week."

The food delivery platform brings an interesting mix of offerings in the gourmet & comfort food segment across regional Indian & World cuisines within the price range of Rs. 100-300 per person. Carrying certain traits of both a restaurant and a Tiffin service, Bite Club is not conventionally one or the other. At present, it is on an expansion spree in the entire Delhi NCR region.

“We are excited to be investing in Bite Club. We believe in the company’s vision to make incredible home cooked food accessible to everyone. It’s a truly unique business model with a strong focus on providing wholesome meals at great value. I am a huge fan of Bite Club and have been averaging 3-4 meals a week for months now. With the current round of funding, we looking to go deeper into the current market, improving efficiency, building a strong platform for growth and introducing newer products” said Ashish Taneja, Managing Director at growX ventures.

Earlier this year, BiteClub had raised an angel round from Powai Lake Ventures with participation from angels including Aneesh Reddy (Capillary Technologies), Ashish Kashyap (Goibibo Group) and Alok Mittal (Canaan Partners).

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