Mr Hot Foods raises undisclosed amount in seed round

MUMBAI: Indore-based food delivery aggregator Mr Hot Foods has raised an undisclosed amount in a seed round from the IvyCamp. The firm acts as an aggregator cum delivery firm bringing together local lunch homes and tiffin centres’ homely food duly packaged. Mr Hot Foods is looking to expand the number of restaurants and food centres on its platform with this capital raise.

Along with increased sales and online reach, local vendors are given professional training from chefs, and access to analytics and technology to handle current operations better.

"Mr Hot Foods addresses the needs of small kitchens that make good, simple food but lack the bandwidth to reach out to young customer students. I truly believe that with India’s huge young and migratory population, Mr Hot foods has touched the right chord in the business of food service and delivery," said Pawan Raj Kumar, who has invested in the firm through the IvyCamp platform and will join the company as an advisor.

IvyCamp uses its Global Alumni Network (of IITians and IIMites) to connect young entrepreneurs to experience mentors. "We have found that alumni are very excited about working with start-ups (mentoring and investing) as they see this as another way to give back to their own Alma Mater and other institutes," said Anju Gupta, Co-founder and President of IvyCamp.