FoodTech Startup Mr. Hot Foods Raises Seed Funding Via the IvyCamp platform
Mr. Hot foods is empowering your favourite local bhojanalayas, Thali houses and tiffin centres and bringing their homely food to you in a restaurant style of ordering and standardized packaging.
Food tech startup, Mr. Hot Foods has raised an undisclosed amount of seed funding from the IvyCamp Platform. Mr Hot foods was founded in 2014 by IIT Kharagpur alumnus. This fund raise was facilitated by IvyCamp, a Unified Innovation and Entrepreneurship Platform, that leverages the Global Alumni Networks to help entrepreneurs become successful. Mr. Pawan Raj Kumar, (Alumnus of IIT-D, IIM-L) has invested in and is also mentoring the startup.
Mr. Hot foods is empowering your favourite local bhojanalayas, Thali houses and tiffin centres and bringing their homely food to you in a restaurant style of ordering and standardized packaging. Along with increased sales and online reach, their vendors get professional training from chefs, and access to analytics and technology to handle current operations efficiently. And now with their upgraded standards of service they are powered to compete with restaurants and build their own brand online.
“Addition of Pawan as a mentor to our team Mr. Hot Foods has helped us to understand the dynamics of F&B industry on a larger scale. His ideas and regular inputs helps us in strategic decision making," said Pankaj Sharma, founder of Mr. Hot Foods.
Mr. Pawan Raj Kumar, alumni of IIT-D and IIM-L, is an active investor and mentor for various start-ups. An entrepreneur himself, he also runs a diversified organisation that provides various products and services in food and food service industry. He has worked with many QSR chains and restaurants while leading CONTINENTAL EQUIPMENT and bring strategic knowledge and connections for Mr Hot. He recently founded SUPA STAR FOODS with its flagship brand SUPACORN that is available through offline and online retail in more than 25 cities of India.
“Mr Hot foods is solving a very big problem that is faced by many young Indians when they study and work away from home. They are looking for options of homely food. At the same time, they are focussed on addressing the needs of the small kitchens that make good simple food but lack the bandwidth to reach out to these customers. I truly believe that with India’s huge young and migratory population, Mr Hot foods has touched the right chord in the business of food service and delivery", said Mr. Pawan Raj Kumar.
Commenting on the announcement, Anju Gupta, Co-founder and President at IvyCamp, said, “Our long-term vision is to be a partner of choice and enabler for early stage start-ups to achieve their business objectives. We are India’s first and only technology based platform that leverages the Global Alumni Network to support Entrepreneurs. One of our key charters is connecting our young entrepreneurs to experienced mentors by leveraging our Global Alumni network. We have found that Alumni are very excited about working with start-ups (mentoring and investing)as they see this as another way to give back to their own Alma Mater and other institutes. She further added, “The USP of IvyCamp is harnessing the power of the Global alumni networks from Institutes such as the IITs, IIMs, ISB, BITS, and many more for mentoring, investing, incubating, corporate connects, and more to support these entrepreneurs and the institute startup ecosystems.
Amidst the food tech funding pullback, we were able to get funding for Mr. Hot foods due to their innovation in business models and are sure they will be able to raise more via the IvyCamp platform."
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