Hoi Food Concepts raises $500k in pre-Series A round

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.