Diamond Merchant From Mumbai Funds Holachef

The food delivery start up Holachef has got an investment of Rs 2 crore by a diamond merchant in Mumbai according to a report by The Indian Wire. The investor, Ashok Kumar Gajera is a diamond manufacturer and distributor of Laxmi Diamond.

Holachef Gets Funded

Diamond Merchant From Mumbai Funds Holachef

The investment is said to have been made at the valuation of $5 million according to Techcircle which is the same as what the company raised during its Series B funding round. The post-money valuation of Holachef is being predicted to be Rs.177 crore.

Holachef currently only caters to about 100 pin codes in Mumbai and was founded back in 2014 by Saurabh Saxena and Anil Gelra. The report further says that the food delivery company raised its Series B funding in two tranches. The first was Rs.19.5 crore by SIDBI Venture Capital Ltd and Kalaari Capital and the second came in 2016 with Rs.13 crore investment by Kalaari Capital and India Quotient.

Image Source: Holachef