Food Tech Business Raising Seed Funds In Bangalore
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About Business
This food tech business was started on September 9, 2021, launched R&D on March 3, 2021, in association with a company from Coimbatore to build an AI-enabled hot, fresh food vending machine. The vending machine guarantees 24 hours for shelf life as well as delivers food in 3 seconds.
Moreover, a Robo Chef has been built that can cook 500 dishes at the push of a button while maintaining their authenticity for ages.
Currently, both machines are complete and undergoing tests for commercial release. Users are able to make orders through a mobile application and webpage and are to receive their meals in a time period less than 10 minutes with no added GST, delivery fees, or minimum order restrictions.
In order to maximize the franchise brand presence from the start, the plan is to open at least 100 locations from the start. Operations will be optimally handled by only 20 skilled employees, who have the potential to serve 100,000 dishes each day.
Clientele type
Cloud kitchens and online food delivery businesses will be the primary customers.
Premises
LEASED
Lease per month (in INR): 70.00 K
Security Deposit (in INR): 5.00 L
Carpet Area: 1,200 sq ft
Asking Price Includes
The terms and conditions will be discussed with potential investors.
Asking Price
INR 9.00 Cr
Minimum ticket size
INR 9.00 Cr
Reason
The founders are seeking investors to kickstart marketing activities and begin operations.
More Details
A trial has already been conducted with the Prestige Group, and the concept received great feedback from people.
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₹10 to ₹200 Cr
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