Active Stocks
Thu Mar 28 2024 15:59:33
  1. Tata Steel share price
  2. 155.90 2.00%
  1. ICICI Bank share price
  2. 1,095.75 1.08%
  1. HDFC Bank share price
  2. 1,448.20 0.52%
  1. ITC share price
  2. 428.55 0.13%
  1. Power Grid Corporation Of India share price
  2. 277.05 2.21%
Business News/ Companies / Start-ups/  Food tech start-up Idea Chakki raises funds from Ratan Tata
BackBack

Food tech start-up Idea Chakki raises funds from Ratan Tata

Delhi-based Idea Chakki provides digital video menu for restaurants and allows customers to gift food and beverage experiences across the world

Idea Chakki will use the funds to expand to more locations and build its in-house team. Photo: Pradeep Gaur/MintPremium
Idea Chakki will use the funds to expand to more locations and build its in-house team. Photo: Pradeep Gaur/Mint

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.

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

Catch all the Corporate news and Updates on Live Mint. Download The Mint News App to get Daily Market Updates & Live Business News.
More Less
Published: 12 Sep 2016, 04:58 PM IST
Next Story footLogo
Recommended For You
Switch to the Mint app for fast and personalized news - Get App

Chat with MintGenie