Hotline: 1800 102 2007
X
Search Business Opportunities
Oct, 07 2014

Matrix Partners has invested in online food-ordering platform LimeTray

Matrix India has Rs 30 billion ($488 million) under management and invests in consumer-focused companies at the seed, early and early growth stages.

Matrix Partners India has provided a Series A round of funding for Alchemy Web Private which operates online food ordering platform LimeTray. However the company did not disclosed the amount of funding.

The company was founded by Akhilesh Bali and Piyush Jain who have earlier worked with  FoodPanda in India has previously received backing from a string of angel investors. These include Umang Kumar, CEO of Gaadi.com, Ankur Warikoo, Asia Pacific head at Groupon, and Ankur Singla, CEO of Akosha.

LimeTray is a back-end technology provider to restaurants which enables them to take orders online and arrange delivery, manage their internet presence and keep a handle on point of sales and customer relationship management systems.

The company has signed with over 200 restaurants in the Delhi-NCR region.

"Restaurants are adopting a range of mobile-first technology at a rapid pace to solve their business needs be it discovery, dining experience, ordering, loyalty or restaurant management. The food-tech market is deep enough to have multiple winners, “said, Vikram Vaidyanathan, MD, Matrix Partners India..

Matrix India has RS 30 billion ($488 million) under management and invests in consumer-focused companies at the seed, early and early growth stages. It is part of the global Matrix network of funds that has $3 billion under management in the US, China and India.

Comment
Related opportunities
  • Quick Service Restaurants
    Greetings from USPFC!! USPFC has come a long way from its..
    Locations looking for expansion Rajasthan
    Establishment year 2013
    Franchising Launch Date 2014
    Investment size Rs. 5lac - 10lac
    Space required 150
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Jaipur Rajasthan
  • Casual dine Restaurants
    Café Udupi Ruchi, is a restaurant which will provide the..
    Locations looking for expansion Karnataka
    Establishment year 2014
    Franchising Launch Date 2016
    Investment size Rs. 10lac - 20lac
    Space required 100
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Bangalore Rural District Karnataka
  • Healthcare & Medical Products
    About Us: India's Leading budget eyewear brand. Founders are from IIM..
    Locations looking for expansion Delhi
    Establishment year 2017
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 150
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater New delhi Delhi
  • E-Commerce & Related
    About Us:   India's First e-Commerce platform to take MOM &POP stores..
    Locations looking for expansion Maharashtra
    Establishment year 2017
    Franchising Launch Date 2018
    Investment size Rs. 50lac - 1 Cr.
    Space required 500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Pune Maharashtra
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities