Amazing! A Food startup raises $5,00,000
Bangalore : It is a huge boost to the startups in India as Bengaluru-based food startup 48East raised $5,00,000 from a family based in Dubai.
The startup is eying to use it towards unit expansion, enhancing logistics, ramping up technology and marketing.
Founded in August 2016 by Joseph Cherian and Nabhojit Ghosh, it has five decades of culinary expertise across Quick service restaurants (QSR) management, food manufacturing and curated gourmet food.
In August 2016, 48East had raised $2,50,000 from Agra-based silver jewelry exporting company ACPL exports.
The company currently operates two kitchens in Indiranagar and Marathahalli and processes over 100 orders a day. 48 East is planning to expand to more areas across Bangalore in the coming months.
The Dubai investors have lauded 48East for their growth in a short time span. They are also hoping that the gourmet chain will continue to provide exceptional culinary experiences to their customers.