Business NewsFunding

FoodyBuddy secures $855k investment from Prime Venture Partners

FoodyBuddy logo.

FoodyBuddy logo. Picture: Facebook

FoodyBuddy is a startup which sets up a neighborhood food network where anyone can buy and sell home cooked food. In a Series A funding round Prime Venture Partners invested an amount of ₹6 crores. Currently, the company operates in Bengaluru. With this influx of capital, it aims at expanding its geographical presence and creating a wider network of sellers. 

Bengaluru: This startup’s idea came to Akil Sethuraman, Anup Gopinath, and Rachna Rao.

They started to work on it in 2015. And the company became operational in 2017. Currently, they cover over 100 apartments in Bengaluru.

They have around 1000 home chefs in their reach with around 20,000 buyers. They have delivered over 250,000 meals.

Unlike the other food tech companies, FoodyBuddy is more concerned about its supply that is the home chefs. They aim at not only creating a marketing network but rather a network between the foodies and cooks of a neighborhood.

This feature makes them stand out in the food tech business. 

FoodyBuddy founders.

FoodyBuddy founders. Picture: YOURSTORY

As the cooks and the foodies are of the same community the level of trust increases and this maintains the food quality.

People who live alone and are on the lookout for a homecooked meal, this platform comes to their rescue. And for the people who casually love cooking this platform paves them a way to make an income out of their hobby.

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Prime Venture Partners managing partner, Amit Somani, said in an interview that the reason they chose FoodyBuddy is that they are not like other logistics based food tech company which is driven by its operational goals.

It focuses on building a network between food enthusiasts, foodies, and cooks living in a neighborhood. And the trust factor in their services is impressive.

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