Food robotics firm Mukanda Foods raises $5 Million in Funding From Zomato
Mumbai: Food robotics company Mukunda Foods has brought $5 million up in a financing round driven by Zomato, taking the organization’s post-crash valuation to $30 million. The brand has recently raised assets from Ncubate Capital, Singapore Angel Network, and Indian Angel Network. It has brought around $8 million up in absolute, including the most recent round.
The company plans to utilize the funds to extend its reach across quick-service restaurants, cloud kitchens, and top-notch restaurants. ..
Founded by Eshwar K Vikas and Sudeep Sabat in 2012, Mukunda Foods is a food robotics company. It designs and makes items that computerize the cooking processes for quick-service restaurants and cloud kitchens. Its machines assist eateries with scaling while at the same time keeping up with consistency in food quality and client experience across outlets, the organization said while assisting cafés with decreasing labor expenses and wastage, and increasing kitchen throughput.
The company plans to use the funds to expand its reach across quick-service restaurants, cloud kitchens, and fine-dining restaurants. The brand has previously raised funds from Ncubate Capital, Singapore Angel Network, and Indian Angel Network. It has raised around $8 million in total, including the latest round.
It has computerized the planning of a few cooking styles and dishes, like north Indian, south Indian, Chinese, pizza, biryani, and others.
Vikas said in a proclamation, “Zomato and Mukunda Foods share the vision of arriving at each café and assisting them with developing. While Zomato does it by assisting cafés with arriving at additional clients and expanding their incomes, we help food and drink brands increment their benefit and develop quickly with our kitchen advances. This normal interest will help the F&B business incredibly.”
A Zomato representative said, “Our speculation will assist Mukunda Foods with scaling quicker, help lessen restaurant.