by Mumbai Angels, a leading angel investment network in India, has invested in Redbasil, a tech-driven, zero-inventory marketplace for wholesale food. The investment will help Redbasil to expand its reach and grow its customer base.
Redbasil was founded in 2020 by Naman Dayal and Ankit Aggarwal. The company provides a platform for restaurants and cloud kitchens to source fresh, high-quality ingredients directly from farmers and wholesalers. Redbasil’s platform helps to reduce food waste and improve the efficiency of the food supply chain.
The investment from Mumbai Angels will help Redbasil to expand its reach to more restaurants and cloud kitchens across India. Redbasil plans to use the investment to increase its marketing and sales efforts, and to develop new features on its platform.
Here are some additional details about the story:
- The investment round was led by Mumbai Angels.
- Other investors in the round include SAT Industries and Plan B Capital.
- Redbasil has raised a total of ₹2.5 crore in funding to date.
- The company is headquartered in Gurugram, India.
Here are some quotes from Redbasil executives:
- “We are grateful to Mumbai Angels for their investment,” said Naman Dayal, CEO of Redbasil. “This investment will help us to expand our reach and grow our customer base.”
- “We are confident that this investment will help us to achieve our goal of making fresh, high-quality ingredients accessible to restaurants and cloud kitchens across India,” said Dayal.
Overall, the investment from Mumbai Angels is a significant development for the food tech industry in India. The funding will help Redbasil to expand its reach and grow its customer base, which will help to improve the efficiency of the food supply chain.”
