Food tech start-up Idea Chakki raises funds from Ratan Tata
New Delhi: Food tech start-up Idea Chakki Pvt. Ltd has raised an undisclosed amount of funds from Tata Sons Ltd’s chairman emeritus Ratan Tata.
The Delhi-based start-up, which provides digital video menu for restaurants and allows customers to gift food and beverage experience across the world, has also partnered with investment bank Enablers for their next round of funding.
The funds raised from Tata will primarily be used for expansion into new geography, along with building the in-house team and strengthening the technology, Idea Chakki said in a statement.
Tata has been actively investing in start-ups in India and abroad. Some of these firms include Snapdeal, Kaaryah, Urban Ladder, Bluestone, CarDekho, Sabse Technologies, Xiaomi, Ola, DogSpot.in, Tracxn, CashKaro, FirstCry and Teabox.
Set up by three former news channel NDTV executives, the company is targeting premium restaurants in Delhi-National Capital Region (NCR) and aims to expand operations in the country and set up its first international office in Paris.
“It feels great to have received a funding from Mr. Ratan Tata. We are world’s first video-based food tech to introduce such a concept, which change the face of hospitality world and lifestyle of users,” Idea Chakki co-founder Gunjan Mehrish said.
Additionally, Tata’s validation of Idea Chakki will help in attracting more investors given his experience in managing and running the Taj group of hotels, he added.