Hoi Foods raises $2 million in Pre-Series A funding

Date posted: Wednesday 17 June 2020

Hoi Foods, which operates several cloud kitchens, has raised $2 million in a pre-Series A funding round led by 1Crowd fund. The round also saw participation from Sprout, Angelist, Samar Singla (founder of Jugnu), Jaideep Mehta (CEO of VCCircle), Mukund Kulashekaran (Senior VP of business at UrbanClap) and others, the company said in a statement. The Gurgaon-based company will use the funds to enhance the existing network of Hoi’s Cloud Kitchens and catapult the company into the big league of the cloud kitchen ecosystem. Specifically, the company will focus on expanding its Cloud Kitchen network across India, enhance the tech platform, and further strengthen the supply chain.

(Business Line)