Leaping Caravan bags Rs 1 crore funding from angel investors
Leaping Caravan bags Rs 1 crore funding from angel investors

By Nusra

In the last few months, India has emerged as a home to food start-ups with investors putting in their money into the fast emerging segment which is growing at around 17 per cent annually.

Leaping Caravan, a Delhi-based online restaurant that serves Indian cuisine to corporate customers in Delhi and Gurgaon, has raised around $150,000 (about Rs 1 crore) from the group of angel investors.

“The funds will help us grow the business at a monthly rate of 50 per cent as will use the raised amount for expansion, stringent marketing, technology enhancement, manpower acquisition and up-gradation of operations of the brand,” shared Megha Tuli, Founder & CEO, Leaping Caravan.

The group is also planning to set-up another delivery centre in Delhi targeting at an increase in the number of orders it gets daily.

At present, Leaping Caravan gets around 30 orders every day and the initial round of funding might help them get nearly 100 orders on a daily basis.

“Moreover, 70 per cent of the orders come through the website as of now and 60 per cent customers are corporate players,” added Tuli who holds a B.Sc degree in International Hospitality Management from Ecole Hotelier de Lausanne (EHL) in Switzerland and has a finance and hospitality background.

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