Latest News | On2Cook India Secures Seed Funding of Rs 17 Crore

New Delhi, Nov 8 (PTI) Food technology startup On2Cook India on Tuesday said it has secured a seed funding of Rs 17 crore.

The funding round was led by angel investor Dr Mayur Desai, who infused the first tranche of Rs 16 crore for a 16 per cent equity at a valuation of Rs 100 crore, according to a statement.

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The round also saw the participation of NRI investor Nirbhay Gandhi who invested Rs 1 crore for an 1 per cent equity.

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Founder and CEO Sanandan Sudhir said the brand is in talks with other strategic investors to raise another Rs 3 crore as part of the round.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)