News & Media 29th Aug 2018

Food memories receives funds from 7 investors

Authors

Sanjay Notani Partner | Mumbai

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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.

Established in 2016 by Dr. Harmitsingh Sikh, FoodMemories aggregates all top iconic brands and delicacies of the 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.

With Indian Sweets and Savouries market pegged at Rs 50,000 crore and a promising $30 billion export food market, Food Memories is placed to capitalise on a growing demand for delicacies of iconic local brands or establishments.

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