raised $5 million in a funding round led by Zomato, taking the company’s post-money valuation to $30 million. The brand has previously raised funds from Ncubate Capital, Singapore Angel Network, and Indian Angel Network. It has raised around $8 million in total, including the latest round.
The company plans to use the funds to expand its reach across quick-service restaurants, cloud kitchens, and fine-dining restaurants.
Founded by Eshwar K Vikas and Sudeep Sabat in 2012, Mukunda Foods is a food robotics company. It designs and manufactures products that automate the cooking processes for quick-service restaurants and cloud kitchens. Its machines help restaurants scale while maintaining consistency in food quality and customer experience across outlets, the company said, while helping restaurants reduce manpower costs and wastage, and increase kitchen throughput.
It has automated the preparation of several cuisines and dishes, such as north Indian, south Indian, Chinese, pizza, biryani and others.
Vikas said in a statement, “Zomato and Mukunda Foods share the vision of reaching every restaurant and helping them grow. While Zomato does it by helping restaurants reach more customers and increasing their revenues, we help food and beverage brands increase their profitability and grow fast with our kitchen technologies. This common interest will help the F&B industry greatly.”
A Zomato spokesperson said, “Our investment will help Mukunda Foods scale faster, help reduce restaurant food prices, expand margins and enhance customer delight.”
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