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May, 02 2015

SpoonJoy raises $1 million from SAIF Partners

With this round of funding, SpoonJoy is planning to expand its services to Delhi-NCR and Mumbai in the next two months.

SpoonJoy, the weekly subscription-based online platform that serves to get healthy & delicious meals right at customer’s doorsteps, has raised $1 million from SAIF Partners.

With this round of funding, SpoonJoy is planning to expand its services to Delhi-NCR and Mumbai in the next two months.

Earlier in December 2014, the online food delivery portal has raised an undisclosed amount from Flipkart co-founder and CEO Sachin Bansal and chief product officer Mekin Maheshwari with participation from Sahil Barua, co-founder of Delhivery and Abhishek Goyal, founder of Tracxn.

Launched in April 2013 by Manish Jethani, former AVP (catalogue) at FashionandYou.com, SpoonJoy offers a whole some of fresh food options to office goers and customers in the same line with a motive to serve on-the-go customers.

Jethani an IIT- Roorkee graduate, later roped in his batchmates,  Sourabh Agarwal, Prateek Agrawal and Kanishk Tyagi as co-founders in the company.

At present, it is serving 700-750 orders a day with eight kitchens across Bangalore. In December, it had said it receives 350-400 orders a day, of which almost 90 per cent came from offices, while the remaining from homes.

The company earns revenue both from the subscription model where users can sign up for the month or pay-as-you order.

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