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Hoi Food Concepts Pvt. Ltd, a startup that provides food to budget hotels in the national capital region, has raised $500,000 (Rs 3.6 crore) in a pre-Series A round led by crowdfunding platform 1Crowd and its investor community.
The round also saw participation from early-stage investment firms Gemba Capital and Prime Holdings.
Hoi Food, which also has business-to-consumer operations on food ordering platforms Zomato and Swiggy at some locations in Delhi-NCR, plans to use the funds for geographical expansion and building a more integrated food solution in the backend.
Currently, the startup claims to serve more than 150 hotels in Delhi-NCR.