News & Media

Delhivery co-founders lead seed in foodtech startup Food Memories

Feb 6, 2018
  • Published by : The Times of India
  • Ahmedabad based startup ‘FoodMemories’, a marketplace for authentic geographically unique Indian foods, has secured seed investment from a consortium of 8 investors led by Delhivery co-founders Bhavesh Manglani & Suraj Saharan and Darshan Upadhyay & Sanjay Notani, Partners at Economic Laws Practice, Mumbai.

    Additionally, Sachin Khandelwal, Founder of Bangalore-based Corporate Gifting major – Kirti Sales & Services, has joined the investor group. Established in September, 2016 by Dr. Harmitsingh Sikh, FoodMemories aggregates all top iconic brands and delicacies of Indian food industry and delivers their delicacies to customers around the globe. The investors and seed investment will not only power ‘Food Memories’ rapid expansion in the current business segments but also enable the company to establish a physical retail footprint in the top cities across India.
    The other investors in this seed investment are Vaishali Patel from Ahmedabad, Vivek Pabari, Prateek Nijhawan & Kapil Bhushan- Investment Bankers from Mumbai and Abhishek Bhalla, from Delhi.

    “At Delhivery, I have come across a number of excellent local businesses in India who, given the right platform and reach can achieve immense growth. Harmit’s vision at Food Memories to put Indian delicacies on a global map is exciting and inspirational and the reason for the 8 of us to come on-board” said Bhavesh Manglani, Co-founder, Delhivery.

    Related Articles

    News & Media

    Deal Updates: ELP advises on Acquisition of... 23 October 2018

    Deal reporting of Samara Capital Partners Fund II and...

    News & Media

    Are home buyers secured financial creditors or... 23 October 2018

    On June 6, the Insolvency and Bankruptcy Code, 2016 (IBC)...

    News & Media

    Delhivery co-founders lead seed in foodtech... 23 October 2018

    Ahmedabad-based FoodMemories, a marketplace for authentic...

    News & Media

    Easing license extension for drug makers,... 22 October 2018

    In a push for greater ease of doing business in the...