Hotline: 1800 102 2007
X
Search Business Opportunities
Feb, 26 2015

Sattviko raises Rs 2 crore as seed funding from CommonFloor Co-Founder Sumit Jain

The chain which has over five restaurants in Delhi-NCR presently is also looking at expanding its wing in the region by opening three more restaurants by April.

Sattviko, the healthy food dining restaurant has raised Rs 2 crore as seed funding, in a round led by online real estate portal CommonFloor Co-Founder Sumit Jain, Xerox India MD Rajat Jain and Samsung Executive Sanjay Bhasin.

Sattviko will use the fund raise to enter into the non-food products segment, ramp up its range of live and processed food offerings, as well as focus on its mobile and web-based platforms.

"We are getting into products, for which there is a huge market. Right from food and beverage items, such as nuts, raisins and juices, we will also be offering non-food products such as herbal gulal and apparel," said Prasoon Gupta, Co-Founder and Director, Sattviko.

Launched in February 2014, Sattviko is the second startup for IIT Roorkee alumni Gupta, who co-founded the dining chain with batch mate Ankush Sharma.

The chain which has over five restaurants in Delhi-NCR presently is also looking at expanding its wing in the region by opening three more restaurants by April.

"Delhi NCR region has tremendous potential, and we're looking at establishing ourselves in this region first, before expanding across the country," added Gupta.

"The F&B space in India is something that needs innovation. It's no longer just about the food, and Sattviko has recognised that, which makes it a very attractive investment proposition," said Sumit Jain, Co-Founder, CommonFloor.

Comment
Related opportunities
  • Express Food Joints / Drive Through
    Have you ever dreamt of owning a food franchise opportunity? Grab..
    Locations looking for expansion Rajasthan
    Establishment year 2010
    Franchising Launch Date 2011
    Investment size Rs. 10lac - 20lac
    Space required 250
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Jaipur Rajasthan
  • Furniture/Home Decor & Furnishing
    About Us: ▪ The innovative and creative business concept of ''Paint-Lib''..
    Locations looking for expansion Maharashtra
    Establishment year 2016
    Franchising Launch Date 2017
    Investment size Rs. 10lac - 20lac
    Space required 250
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Mumbai Maharashtra
  • Others Food Service
    About Us: Wicked China is a place that serves up Chinese..
    Locations looking for expansion Maharashtra
    Establishment year 2000
    Franchising Launch Date 2018
    Investment size Rs. 2 Cr. - 5 Cr
    Space required 2500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
  • Robotics & Technical Training
    About Us : We would like to introduce ourselves as an..
    Locations looking for expansion Maharashtra
    Establishment year 2013
    Franchising Launch Date 2018
    Investment size Rs. 20lac - 30lac
    Space required 1000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai 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