Thursday, April 23, 2015

Hello Curry plans to raise Rs 50 cr, enters #Bangalore

Hello Curry, one of the first Food-Tech start-ups from Hyderabad has formally announced its entry into the Bangalore market today. The company has launched units at Ulsoor and Sahakaranagar, through which they will cover the central business district and parts of North Bangalore respectively. After pioneering an asset light business model in Hyderabad, the company is adapting a similar model for Bangalore also. While the unit at Ulsoor is a “Takeaway” format that will oblige takeaway and delivery orders, the one at Sahakaranagar is a “Neighbourhood Kitchen” format that will process delivery orders only. Over the next couple of months, Hello Curry is planning to scale-up to cover most of Bangalore.

The promoters of the company are actively engaged in discussions with a few investors to raise Rs. 50 crores in order to rapidly grow across India. "After savouring success in Hyderabad, we are now launching in Bangalore. We plan to kick off our operations in NCR soon with the seed fund we have raised from SRI Capital, owned by serial entrepreneur Sashi Reddi. With the new investments our plan is to grow pan-India, which includes penetrating into tier 2 cities as well. Our aim is to become the number one home delivery brand for Indian food in India in the next 18-24 months,”said Hello Curry’s Cofounder and CEO Raju Bhupati.