Bengaluru-based Samosa Singh said it would use the funds to scale up operations, increase production capabilities, and expand in multi-cities, while also entering households through a delivery via cloud kitchen model.
Bengaluru-based Fireside Ventures focuses solely on companies in the consumer space, with some of their star investments being lifestyle electronics start-up Boat and health foods brand Yogabars.
Softbank reportedly suffered $6.5 billion in operating losses from investments in cash-burning businesses including New York-based real estate firm WeWork, and cab-hailing service Uber.
Start-ups such as Kamatan and Fresh VnF are trying to bridge the gap between farmers and the larger economy with the use of technology. Funding, too, seems to have quietly followed.
Manish Singhal, founding partner, Pi Ventures, hopes the fund will play a significant role in bringing about a disruption using artificial intelligence
"Those first moments when companies start thinking about raising capital for the purpose of regional expansion has been our focus for the last nine years," says Levit
Over the course of working with more than 50 start-ups, one of the most valuable learning has been the process of building a bridge of trust and confidence through multiple micro-interactions, say Siddarth and Pranav Pai