Astarc Ventures backs food ordering portal TravelKhana

TravelKhana, a Delhi-based food ordering platform for train passengers, has acquired funding in an investment round led by Mumbai-based seed fund, Astarc Ventures.
TravelKhana

TravelKhana, a Delhi-based food ordering platform for train passengers, has acquired funding in an investment round led by Mumbai-based seed fund, Astarc Ventures.
This funding is a bridge round to TravelKhana's Series-A round, which is expected to be around $10 million (approximately Rs 66 crore). The current round of investment was made via LetsVenture, an online platform for startups and investors to facilitate angel and seed investments.
TravelKhana said it will use the funds to expand to 400 railway stations from the current 150 by the end of 2016, besides improving back-end technology.
"Businesses built on basic needs of life are areas of high interest to us - food, clothing, housing, health and the like. Of these, food is the most basic and more so you really feel the pain when you are in a train and don't get good food to eat. TravelKhana has done a fabulous job in getting the initial traction and getting a good working model," Salil Musale, executive director of Astarc Ventures, said in a statement.
Founded in January 2012 by Pushpinder Singh, TravelKhana was angel funded previously by investors like Rajan Anandan, Alok Mittal and Sarbvir Singh.
The company has expanded operations across 160 cities in India, and is serving most long distance trains in the country. Its revenues for the 2014-15 financial year stood at Rs 1 crore. The company is also looking to provide food to bus and highway travellers

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