Ratan Tata, an investment king and pioneer in the industry, also chairman Emeritus of Tata Sons, unveiled another investment in food start up Holachef. The multi-billionaire has made personal investment in the online cuisine marketplace.
He is a man who acts like a pillar and is keen on supporting new idea. Holachef is a startup project that will receive funding from this ace businessman. The startup was started in September 2014 by entrepreneurs Saurabh Saxena and Anil Gelra. This service was first launched in the Powai area of Mumbai. The company has witness a substantial growth in the markets of Pune and Mumbai. An online accessibility where consumers can place the order prepared by their favorite chef. Yes, an idea that has a potential to foster the craving quotient.
“Ratan Tata’s name and body of work is synonymous with trust and consumer focus. With his guidance, Holachef is looking to become a leader in the food-tech space,” Saurabh Saxena, Co-founder and chief executive Holachef said.
Holachef has already proven its immaculate strategy and business plan in a round lead by Kalaari Capital in June 2015 and pocketed a funding (Series A) of Rs 20 crore. Earlier, the company had also raised a seed fund investment of Rs 2 crore from India Quotient in February 2015. Holachef today operates in Mumbai and Pune, and order can be placed through its website and mobile applications that are available both for android and iOS.
Ratan Tata with his vividness has always been a crucial guard in laddering the start ups in India and invested from e- commerce to cabs brigade. Ratan Tata had invested in the milestones that are leading today extensively like Snapdeal, Kaaryah, CarDekho, Ola, Urban Ladder, Bluestone, and Xiaomi. He has been a back-bone for some budding entrepreneurs by approving their ideas on a private basis.