Daalchini Technologies, a Delhi-based phygital vending maching company has raised ₹3.50 crore in a seed round led by Artha Venture Fund. The company will use the funds to expand their product range, improve logistics, strengthen their brand identity and recruit a strong management team.
“There are 3500+ small tiffin services in Delhi/NCR, but they are rarely able to achieve scale. Unlike restaurants, home-chefs do not have readymade items and cannot deliver food within 40 minutes. They prepare it fresh on order and hence need a specialized distribution channel and predictable demand. For corporate employees, we are solving the [email protected] by providing instantly available healthy quick bites at work at an affordable price. We are glad that Artha Venture Fund believes in our vision to make home-food instantly accessible to all, through Daalchini’s new-age distribution channel,” Prerna Kalra, founder of Daalchini said.
The company was started by Kalra and Vidya Bhushan. It is a vending machine company that provides healthy, affordable, home-cooked meals to corporate employees at the click of a button.
It’s products can be ordered through a mobile app or on a digital screen on the vending machine itself.
On the other hand, Artha Venture Fund is a VC fund that invests in early-stage Indian startups. The fund has a unique strategy that maintains a 1:10 ratio for follow-on investments; up to the Series A round.
“The growth in dual income households is creating a pain-point in availability of quality, affordable food. Daalchini solves this problem with a truly innovative solution that could become a game-changer for the whole space. I am excited about their idea, their phenomenal growth in number of transactions and I truly envision amazing prospects for them,”Anirudh Damani, managing partner, Artha Venture Fund.
Daalchini claims, at present, it has 70 kiosks spread throughout Delhi-NCR, serving approximately 3000 meals a day, and catering to 40+ clients including Snapdeal, and Paytm.
The company aims to expand to 1600 operational kiosks by 2021 and are also working on some technology advance like multi-order and multi-payment options.