{"id":31182,"date":"2022-03-24T17:32:45","date_gmt":"2022-03-24T12:02:45","guid":{"rendered":"https:\/\/tradebrains.in\/features\/biz-mukunda-foods\/"},"modified":"2022-03-24T17:32:45","modified_gmt":"2022-03-24T12:02:45","slug":"biz-mukunda-foods","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/biz-mukunda-foods\/","title":{"rendered":"Mukunda Foods raises USD 5 mn from Zomato, others"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-138284837\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p> New Delhi, Mar 24 (PTI) Food robotics and\u00a0automation firm Mukunda Foods on Thursday said it has raised USD 5 million (over Rs 35 crore) in a funding round led by Zomato.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2658805323\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div>\n<p> The fresh round of funding takes the company&#8217;s post-money valuation to USD 30 million, Mukunda Foods said in a statement.<\/p>\n<p> The company further said it plans to utilise funds to expand its reach across QSRs, cloud kitchens and fine dine segment, besides using a part of the raised capital to introduce multiple models to help the food and beverages (F&#038;B) businesses scale up.<\/p>\n<p> The brand had previously raised funds from Ncubate Capital, Singapore Angel Network, and Indian Angel Network.<\/p><div class=\"trade-content_5\" id=\"trade-1405612945\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div>\n<p> So far, the brand has raised a total of around USD 8 million, including the current fundraising.<\/p>\n<p> Commenting on the fundraise, Mukunda Foods CEO, and Co-Founder Eshwar K Vikas said, &#8220;Zomato and Mukunda Foods share the vision of reaching every restaurant and helping them grow.<\/p>\n<p> &#8220;While Zomato does it by helping restaurants reach more customers and increasing their revenues, we help the F&#038;B brands increase their profitability and \u00a0grow fast with our kitchen technologies. This common interest will help the F&#038;B industry greatly.&#8221; \t A Zomato spokesperson said the company&#8217;s investment will help Mukunda Foods scale faster, help reduce restaurant food prices, expand margins and enhance customer satisfaction.<\/p>\n<p> Last\u00a0week, in a regulatory filing Zomato had said its board has also approved acquisition of 16.66 per cent\u00a0stake in\u00a0Mukunda Foods for an aggregate cash consideration of rupee equivalent of USD 5 million.<\/p>\n<p> Mukunda said it has so far developed six products that have been installed in over 2,000 locations with its kitchen &#8216;bots&#8217; helping brands reduce dependability on labour and expand faster, while enhancing consumer experience. PTI RKL  MR MR<\/p>\n<div class=\"trade-after-content\" id=\"trade-260003446\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>New Delhi, Mar 24 (PTI) Food robotics and\u00a0automation firm Mukunda Foods on Thursday said it has raised USD 5 million (over Rs 35 crore) in a funding round led by Zomato. The fresh round of funding takes the company&#8217;s post-money valuation to USD 30 million, Mukunda Foods said in a statement. The company further said [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1696,31],"tags":[],"class_list":["post-31182","post","type-post","status-publish","format-standard","hentry","category-corporate-action","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Mukunda Foods raises USD 5 mn from Zomato, others - Trade Brains Features<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/biz-mukunda-foods\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Mukunda Foods raises USD 5 mn from Zomato, others\" \/>\n<meta property=\"og:description\" content=\"New Delhi, Mar 24 (PTI) Food robotics and\u00a0automation firm Mukunda Foods on Thursday said it has raised USD 5 million (over Rs 35 crore) in a funding round led by Zomato. The fresh round of funding takes the company&#8217;s post-money valuation to USD 30 million, Mukunda Foods said in a statement. 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