Internet First Restaurant Food Delivery Startup SpoonJoy Raises $1M From SAIF Partners

After raising angel funding from Sachin Bansal and others in December 2014, Bengaluru based food delivery startup, SpoonJoy has now raised $1 million from SAIF Partners. The new funding will be used to expand to Delhi and Mumbai in the next two months.

Founded in 2013 by  Manish Jethani, SpoonJoy offers subscription service for delivering the food of the user’s choice to their home or office. Currently, the firm claims to be serving 700-750 orders a day and in December the company had said it receives about 350-400 orders a day, majority of which comes from offices.

It earns revenue both from the subscription model where user can sign up for the month, and pay-as-you order.

Online food ordering and delivery segment seems to be hot among the investors. Others players in the domain includes iTiffin, TinyOwl, Zomato, Foodpanda, and Swiggy have also raised funding recently.

Share this:

About Jessica Priston

Ut tellus dolor, dapibus eget, elementum vel, cursus eleifend, elit. Aenean auctor wisi et urna. Aliquam erat volutpat. Duis ac turpis. Integer rutrum ante eu lacus. Vestibulum libero nisl, porta vel, scelerisque eget, malesuada at, neque. Vivamus eget nibh. Etiam cursus leo vel metus. Nulla facilisi. Aenean nec eros.

  • Website
  • Google+
  • Rss
  • Pinterest
  • Instagram
  • LinkedIn
  • Vimeo
  • Youtube
  • Flickr
  • Email

Related News

  • Cashback site Cashkaro now offers restaurant discounts

    India’s e-commerce market looks large and lucrative enough from the outside, but insiders know it is very challenging. In fact, the number of e-commerce sites and businesses is growing so fast here today that the competition is cut-throat. This

  • What is Viscose Material? Advantage and disadvantage of viscose.

    Viscose is a unique form of wood cellulose acetate used in the nnmanufacture of a number of different products. This includes items for nnthe medical industry, though it is perhaps most common as a major nningredient in the production of the fabric r

  • Honda launches new CBR 250R bike
    Honda launches new CBR 250R bike
    July 01, 2014 5:50 am

    New Delhi: Honda Motorcycle & Scooter India (HMSI) launched a new edition of its global sports performance bike CBR 250R priced between Rs 1.56 lakh and Rs 1.86 lakh (ex-showroom Delhi). The 2013 edition CBR 250R is available for sale across a

  • Zara has opened store at Ambience mall, Gurgaon

    Zara, has opened its new store at Ambience mall, Gurgaon. Spread over 28,000 sq.ft. across two floors the store has taken the space earlier occupied by Debenhams. With this Zara now has twelve stores in India. It is present in 86 countries with