About Foodtech Ventures
Foodtech Ventures is a Consumer company based in Gurugram (India) founded in 2020 by Ashutosh Mahendru. Platform offering food delivery solution for food businesses. Foodtech Ventures has raised $2.65 million across 5 funding rounds from investors including Ashish Saxena, Ajay Kaul and Nikhil Chawla. Foodtech Ventures was last valued at $9.69 million in May 2022. Its chief executive, as recorded, is Ashutosh Mahendru. Its focus areas include Food and Agriculture Tech, Food Tech, Technology Enablers and Restaurants.
Company details
Foodtech Ventures was founded in 2020 in Gurugram, India, within the foodtech sector. A platform is offered for food businesses to deliver fresh meals through patent-pending systems that enable cooking during transit. Operations include an automatic robotic cooking vehicle equipped with thermal imaging for oven-based preparation and dispensing of over 30 products to customers.
- Headquarters Gurugram, India
- Founders Ashutosh Mahendru
- Stage Minicorn
- SectorsConsumer
- Email••••••••
- Phone•••• ••••
- Website foodtechventures.in
- Social LinkedIn Facebook
- Annual Revenue$59.58 K (USD)-53as on Mar 31, 2024
- Total Equity Funding$2.65M (USD)
in 5 rounds
- Latest Funding Round$376.84K (USD), Seed
May 2022
- InvestorsFour Provinces Investments
& 31 more
Associated legal entities of Foodtech Ventures
Foodtech Ventures is associated with 2 registered companies on The Company Check. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2023) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Wgg Ventures Private Limited CIN U74140HR2021PTC092855 | Active | 10 Feb 2021 | Gurgaon, Haryana | ₹0.1 Cr | 2 | View details | |
| Foodtech Ventures Private Limited CIN U74999HR2020PTC090653 | Active | 03 Nov 2020 | Gurgaon, Haryana | ₹0.5 Cr | 2 | View details |
Funding Insights of Foodtech Ventures
Foodtech Ventures has successfully raised a total of $2.65M across 5 strategic funding rounds. The most recent funding activity was a Seed round of $376.84 thousand completed in May 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 $2.65M
- Total Rounds 5
- Last Round Seed — $376,835
- First Round $1.15M
(May 2021)
- Investors Count 32
All 5 funding rounds of Foodtech Ventures with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May 2022 | $376,835 | Seed | $9.69M | – | |
| Mar 2022 | $549,673 | Seed | $9.48M | Four Provinces Investments, Paragon Greentech | |
| Nov 2021 | $399,498 | Seed | $••••• | Dot Robot Systems | |
| Sep 2021 | $176,345 | Angel Round | $••••• | Arnab Seal, Arush Kishore | – |
| May 2021 | $1.15M | Angel Round | $••••• | – |
| Date | Valuation | Stage |
|---|---|---|
| May 2022 | $9.69M | •••••••• |
| Mar 2022 | $9.48M | •••••••• |
| Nov 2021 | $••••• | •••••••• |
| Sep 2021 | $••••• | •••••••• |
| May 2021 | $••••• | •••••••• |
Full valuation and stage history of Foodtech Ventures
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
- All valuation points
- Stage changes
- Dates
- Exports
Verified entity values are shown only after access is granted.
Last known valuation $9.69M (May 2022). 32 investors in total: 3 institutional and 29 angel.
Investors in Foodtech Ventures
Foodtech Ventures has secured backing from 32 investors, including angel and institutional investors. Prominent investors backing the company include Ashish Saxena, Ajay Kaul and Nikhil Chawla.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Intelligent machines are developed for cleaner, sustainable solutions. | dotrobotsystems.com | Delft, Netherlands | ||
AS Ashish Saxena | Angel investor and tech leader, ex-CTO of Razorpay, active in startups | unknown_b94a8b1eb7244c7b8 | ||
AK Ajay Kaul | unknown_bd0becc737e34c328 | |||
NC Nikhil Chawla | unknown_cfc9951c78984c658 | |||
AK Arush Kishore | unknown_94a7486f49a940268 | |||
GG Gaurav Gogia | unknown_fccd2ea634de42988 | |||
RR R Rekhi | unknown_6b458ce5b2904f629 | |||
NS Niranjan Sarda | unknown_9e8b093476844b3eb | |||
PC Prasun Choudhary | unknown_eeaaaba7c60a4bfdb | |||
SR Srinavasan Ramadesikan | unknown_58c3b5d5c25b4b7bb |
Investor details for Foodtech Ventures
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Foodtech Ventures
The boards of the 2 registered companies of Foodtech Ventures currently have 3 directors; the longest-serving is Pramod Kumar, appointed in 2021. 6 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Pramod Kumar DIN 07345803 | Director | 10 Feb 2021 | 5 yrs 8 mo | Wgg Ventures Private Limited |
| Sadhna Mahindru DIN 00350602 | Director | 25 Feb 2021 | 5 yrs 8 mo | Foodtech Ventures Private Limited, Wgg Ventures Private Limited |
| Ashutosh Mahindru DIN 01850381 | Director | 20 May 2021 | 5 yrs 5 mo | Foodtech Ventures Private Limited |
People of Foodtech Ventures
1 people are tracked at Foodtech Ventures (1 in leadership).
| Name | Role | Group |
|---|---|---|
Ashutosh Mahendru | Co-Founder & CEO | Leadership |
Complete people profiles for Foodtech Ventures
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of Foodtech Ventures
Figures of Foodtech Ventures Private Limited, the primary company behind Foodtech Ventures, for FY 2024. Revenue was ₹49.3 Lakh (-53% year on year). Net loss was -₹2.11 Cr (-427% margin). EBITDA was -₹57 Lakh (-116% margin). Revenue has grown at a compounded annual rate of +268% over three years.
- ₹49.3 LakhRevenue · FY 2024 · -53% YoY
- -₹2.11 CrNet loss · -427% margin
- -₹57 LakhEBITDA · -116% margin
- ₹23.3 LakhPaid-up capital
- +268%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Foodtech Ventures Private Limited are on its company page.
Detailed financial statements for Foodtech Ventures
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of Foodtech Ventures
4 dated milestones of Foodtech Ventures across 2 years, from founding to its latest funding, stage changes and deals.
- Founded Foodtech Ventures is founded.
- Funding First funding round of $1.1M.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Seed, of $377K.
Top companies in Food & Beverage Platforms
3 companies that operate in the same segment as Foodtech Ventures (Food & Beverage Platforms) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Online platform food ordering and delivery service | 2008 | Gurugram, Haryana, India | USD 1.69 B | USD 5.94 B | 6,750 | |
Food and grocery items are ordered via an online network. | 2014 | Bengaluru, Karnataka, India | USD 3.54 B | USD 2.51 B | 4,488 | |
Online platform offering discovery of local deals, experiences, and rewards | 2015 | Gurugram, Haryana, India | USD 105.82 M | USD 37.82 M | 414 |
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Frequently Asked Questions about Foodtech Ventures
Foodtech Ventures was founded in 2020 and raised its 1st funding round 1 year after it was founded.
Foodtech Ventures is headquartered in Gurugram, India. It is registered at Gurugram, Haryana, India.
Ashutosh Mahendru is the CEO of Foodtech Ventures, as recorded in our data. They have also founded this company.
Foodtech Ventures is a funded company, having raised a total of $2.65M across 5 funding rounds to date. The company's 1st funding round was a Angel Round of $1.15M, raised on May 2021.
Annual revenue of Foodtech Ventures is $59.58K as on Mar 31, 2024.
Foodtech Ventures was founded in 2020 in Gurugram, India, within the foodtech sector. A platform is offered for food businesses to deliver fresh meals through patent-pending systems that enable cooking during transit. Operations include an automatic robotic cooking vehicle equipped with thermal imaging for oven-based preparation and dispensing of over 30 products to customers.
Foodtech Ventures has 32 investors. Key investors include Ashish Saxena, Ajay Kaul, Nikhil Chawla, Arush Kishore, and Gaurav Gogia.
The valuation of Foodtech Ventures is $9.69M as of May 2022.
Foodtech Ventures is associated with 2 legal entities: Foodtech Ventures Private Limited, Wgg Ventures Private Limited.
The legal entities of Foodtech Ventures currently have 3 directors, including Ashutosh Mahindru, Sadhna Mahindru, Pramod Kumar.