Companies

Hoi Foods raises $2 million in Pre-Series A funding

Mumbai | Updated on May 25, 2020 Published on May 25, 2020

Hoi Foods, which operates several cloud kitchens, has raised $2 million in a pre-Series A funding round led by 1Crowd fund.

The round also saw participation from Sprout, Angelist, Samar Singla (founder of Jugnu), Jaideep Mehta (CEO of VCCircle), Mukund Kulashekaran (Senior VP of business at UrbanClap) and others, the company said in a statement.

The Gurgaon-based company will use the funds to enhance the existing network of Hoi’s Cloud Kitchens and catapult the company into the big league of the cloud kitchen ecosystem. Specifically, the company will focus on expanding its Cloud Kitchen network across India, enhance the tech platform, and further strengthen the supply chain.

"We are building a very strong play in the cloud kitchens ecosystem and have been able to put together a large network in a very short duration," said Pawan Raj Kumar, co-founder at Hoi Foods.

Published on May 25, 2020
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