Comments
Technology-based food delivery firm Foodys.in, promoted by Zoha Foods Private Ltd, is all set to expand to other cities. The company is in talks with three venture capital funds, including one multinational firm, to raise $5 million to fund its expansion.
After developing the model in Hyderabad for the last three years, the food aggregator company will start its operations in Bengaluru, Pune, Chennai, Mumbai, Gurgaon and Ahmedabad.
“We have three streams of revenue generation. We will directly serve the customers by taking orders from them and getting the food from the restaurant of their choice. We have corporate customers and we deliver food to the travellers on Abhibus.com network,” said Naeem Khan, Chief Executive Officer.
Addressing a press conference here on Thursday, he said the company registered a turnover of ₹1.4 crore in 2013-14 and was targeting ₹2 crore in the current financial year. It invested about ₹1 crore to build the technology platform.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.