Total amount raised
$1 Millions
Latest funding date
Location
Cookr has successfully raised $1 million in a Pre-Seed funding round, attracting six investors. The platform is a digital startup focused on creating a food community space where users can buy and sell homemade food items online.
Keep reading to explore the intricacies of Cookr's fundraising journey and the investors backing this innovative platform.
What Is Cookr?
Cookr, founded in February 2022, is a digital startup based in Chennai, Tamil Nadu, India. The company focuses on creating a food community space where users can buy and sell homemade food items online. The platform aims to revolutionize the food industry in India by offering a wide range of healthy alternatives to restaurant-delivered food.
The founders of Cookr are Nirmalkumar Muthu, Praba Santanakrishnan, and Saravanakumar(SK) Kandasamy. The company operates with a team of 51-100 employees, working together to build an e-commerce marketplace that connects users with local home chefs. This initiative not only provides freshly made, homemade meals but also supports local chefs in growing their businesses.
Cookr's services include party orders, food subscriptions, and individual meal deliveries. The platform also actively recruits home chefs and delivery partners, encouraging them to join and benefit from the growing demand for homemade food. With its innovative approach, Cookr is set to make a significant impact on the food tech industry in India.
How Much Funding Has Cookr Raised?
- Pre-Seed Round
- Amount Raised: $1,000,000
- Date: February 15, 2023
- Lead Investors: Madhusudanan R and 5 other investors
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: The funding will be used to add more features to the platform, expand the team, and expand services across India.
Total Amount Raised: $1,000,000. Current Valuation: Not publicly disclosed.
Key Investors
Based on the provided sources, here is an unordered list of the major investors in Cookr, along with details about each investor:
- Madhusudanan R
- Details: Madhusudanan R is a prominent investor known for his involvement in various startups. He has a background in technology and finance.
- Investment Focus Areas: Technology, finance, startups.
- Notable Investments: Not publicly disclosed.
- Muthukumar Ayyakkannu
- Details: Muthukumar Ayyakkannu is an investor with a keen interest in emerging markets. He has been involved in multiple ventures across different sectors.
- Investment Focus Areas: Emerging markets, technology, consumer goods.
- Notable Investments: Not publicly disclosed.
- Quadrant Resource
- Details: Quadrant Resource is a company that specializes in resource management and technology solutions. They have a strong presence in the IT sector.
- Investment Focus Areas: IT services, resource management, technology solutions.
- Notable Investments: Not publicly disclosed.
- Employees and Alumni of Microsoft, Amazon, Intel, Titan
- Details: This group consists of individuals who have previously or currently work at these major tech and consumer goods companies.
- Investment Focus Areas: Technology, consumer goods, innovation.
- Notable Investments: Not publicly disclosed.
- Founders of M2P Fintech
- Details: M2P Fintech is a financial technology company that focuses on providing innovative financial solutions. The founders are experienced in the fintech industry.
- Investment Focus Areas: Financial technology, fintech innovations, digital payments.
- Notable Investments: Not publicly disclosed.
The valuation of Cookr is not publicly disclosed.
What's Next for Cookr?
Cookr is poised for significant growth as it plans to expand its services to new cities like Puducherry and Chennai. The opportunity to onboard 200,000 home cooks over the next five years highlights the vast potential in the home-cooked meal market. This expansion will not only enhance the platform but also empower home chefs with better customer access through robust technology.
Future fundraising seems inevitable given the ambitious plans for scaling operations and enhancing the platform. The growing demand for healthy, homemade food and the increasing interest in food tech startups create a fertile ground for additional investment rounds. However, Cookr will need to navigate challenges such as maintaining consistent quality and safety standards, managing logistics, and competing with other food tech services.
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