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Holachef raises Rs 2 crore from India Quotient

Online food delivery company Holachef has raised Rs 2 crore in a round of seed funding led by India Quotient, reports Economic Times. The funding has been done in the form of a convertible note, a short-term debt that converts into equity when the startup raises Series A. The platform said its looking to raise a further Rs 20-30 crore in the coming months. Holachef currently lists dishes from various professional and amateur chefs on its platform. Users can order these meals, for lunch (12-6pm) and dinner (8-11:30pm), although orders have to be placed a few hours in advanced. The meals are then packaged, stored and delivered by the startup. Orders for meals have to be placed a few hours in advance. Meals on the platform currently range between Rs 120 and Rs 300. As of now, the startup delivers in areas of Mumbai including Powai, Mulund, Andheri west, Ghatkopar and Malad. Currently it lists south Indian meals, Italian cuisine, salads, dal rice, north Indian meals and lemonade among others, however the platform claims it has new cuisines everyday. Founded in May 2014, Holachef currently claims to see over 150 orders a day, an increase from 5 orders a day when it started operations in September last year. The startup said its targeting 200 orders per day by the end of February. Competition: - Online food ordering portal JustEat.in, introduced a new user interface for its Android app, along with a new ‘haPPy hour’ feature in November last year. The company…

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