About Chef Prep
Chef Prep is a company based in Surry Hills (Australia) founded in 2021.. Chef Prep has raised $4.25 million across 2 funding rounds from investors including Artesian, Global Founders Capital and Yaniv Bernstein. Chef Prep has completed 1 acquisition, including CoLab. Chef Prep offers products and services including Red Lentil Pasta, Protein-Packed Peanut Butter Banana Smoothie, Easy Corn Flour Bread, Teff Crackers, and Soy Milk Recipe. Chef Prep operates in a competitive market with competitors including DoorDash, Just Eat Takeaway, Fantuan, Menulog and Menulog, among others.
- Headquarter Surry Hills, Australia
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Sectors
Consumer
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Email
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Phone
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Website
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Social
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- Legal Name Classic Recipes Inc
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Products & Services of Chef Prep
Chef Prep offers a comprehensive portfolio of products and services, including Red Lentil Pasta, Protein-Packed Peanut Butter Banana Smoothie, Easy Corn Flour Bread, Teff Crackers, and Soy Milk Recipe. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Easy vegan pasta made with red lentils for a nutritious meal.
Nutritious smoothie blending peanut butter and banana for post-workout recovery.
Simple bread using corn flour, suitable for gluten-free diets.
Crunchy crackers made from teff, ideal for vegan and gluten-free options.
Homemade soy milk preparation for a dairy-free alternative.
Funding Insights of Chef Prep
Chef Prep has successfully raised a total of $4.25M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $3 million completed in April 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Seed — $3.0M
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First Round
First Round
(01 May 2021)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2022 | Amount | Seed - Chef Prep | Valuation | Artesian , Global Founders Capital | |
| May, 2021 | Amount | Angel Round - Chef Prep | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Chef Prep
Chef Prep has secured backing from 4 investors, including venture fund and angel investors. Prominent investors backing the company include Artesian, Global Founders Capital and Yaniv Bernstein. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Venture capital and private debt fund focused on climate, agrifood, health, AI, and multiple sectors
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Founded Year | Domain | Location | |
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Venture capital firm focused on early-stage startups
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Founded Year | Domain | Location | |
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YB
Yaniv Bernstein |
Angel investor, ex-COO of Airtasker, focused on tech startups
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Chef Prep
Chef Prep has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include CoLab. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Online retailer offering multi-category products
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2021 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Chef Prep
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Chef Prep Comparisons
Competitors of Chef Prep
Chef Prep operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as DoorDash, Just Eat Takeaway, Fantuan, Menulog and Menulog, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Food and grocery deliveries are facilitated through an app-based platform.
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| domain | founded_year | HQ Location |
Food delivery services are provided via an online platform.
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| domain | founded_year | HQ Location |
Online delivery of restaurant food and assorted products is facilitated.
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| domain | founded_year | HQ Location |
Online food ordering service
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| domain | founded_year | HQ Location |
Online food ordering service
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| domain | founded_year | HQ Location |
Online take-away food ordering is operated via digital platforms.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Chef Prep
When was Chef Prep founded?
Chef Prep was founded in 2021.
Where is Chef Prep located?
Chef Prep is headquartered in Surry Hills, Australia. It is registered at Surry Hills, New South Wales, Australia.
Is Chef Prep a funded company?
Chef Prep is a funded company, having raised a total of $4.25M across 2 funding rounds to date. The company's 1st funding round was a Angel Round of $1.25M, raised on May 01, 2021.
What does Chef Prep do?
ChefPrep was founded in 2021 and is based in Surry Hills, Australia. Recipes focused on vegan and gluten-free options, including classics and desserts, are provided through an online platform. A blog with regular updates and a subscriber newsletter are maintained. Detailed instructions, dietary details, and images accompany the content, which emphasizes wholesome ingredients in the food and recipe sector. Operations center on accessible meal guidance via chefprep.com.au.
Who are the top competitors of Chef Prep?
Chef Prep's top competitors include DoorDash, Just Eat Takeaway and Fantuan.
What products or services does Chef Prep offer?
Chef Prep offers Red Lentil Pasta, Protein-Packed Peanut Butter Banana Smoothie, Easy Corn Flour Bread, Teff Crackers, and Soy Milk Recipe.
How many acquisitions has Chef Prep made?
Chef Prep has made 1 acquisition, including CoLab.
Who are Chef Prep's investors?
Chef Prep has 4 investors. Key investors include Artesian, Global Founders Capital, Yaniv Bernstein, and Graeme Horne.