India: Bueno Foods raises $600k pre-Series A funding from angel investor

The Gurgaon-based company said that the new funds will be used for talent acquisition, technology upgradation, operations, data analytics and expansion plans of the company. Photo/Mint

Bueno Foods Pvt. Ltd, a food tech start-up that delivers gourmet food, has raised $600,000 pre-series funding from an undisclosed angel investor, said the company on Thursday.

This is the first funding that the company has received from external sources, said the company statement.

The Gurgaon-based company said that the new funds will be used for talent acquisition, technology upgradation, operations, data analytics and expansion plans of the company.

Founded by Rohan Arora and Pankaj Sharma, Bueno currently operates in the National Capital Region. Arora said that the new investments will help its ambitions to build a one-stop global food shop. “Apart from this we are also aiming for sustainable long-term business and not in a hurry for mindless growth,” he said.

Food tech companies in India have attracted investor interest in recent times. Tiny Owl, a Mumbai-based food tech start-up, is said to be in advanced talks to raise $50 million. The company raised Rs.100 crore in February. Food tech delivery start-up Swiggy raised Rs.105 crore in June this year.

Also Read: FMCG major HUL sells bread, bakery business to Everstone-backed Nimman Foods

Why TinyOwl is looking to layoff and hire?

Ratan Tata invests in Indian food-tech startup Holachef

This article was first published on Livemint.com

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.