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Gurugram-based startup Redbasil, a tech-driven, zero-inventory marketplace for wholesale food supply for restaurants and cloud kitchens, has raised $330k as part of their Seed round led by Mumbai Angels. The round also saw the participation of SAT Industries Ltd, Planb Capital and other investors.
Redbasil will primarily use the capital to expand its ground operations and sales team in the Delhi NCR region and invest in engineering resources and tech infrastructure. The platform also aims to onboard 500+ outlets and clock a monthly GMV of over Rs 1.5 Cr.+ with the funding.
Redbasil plans to expand further in the core categories of fresh produce, fresh meats, seafood, and dairy products while also starting operations in new categories, such as imported groceries and frozen products.
Redbasil’s digital marketplace model enables restaurants and cloud kitchens to source high-quality food supplies seamlessly through its mobile app.
Naman Dayal, Founder & CEO of Redbasil said “Redbasil was conceptualized as a digital marketplace to address these challenges for commercial kitchen operations in India. We have received an incredible response from our customers.”
Since its inception, the platform has sourced produce for over 2000 SKUs (with 5000+ in the pipeline). Redbasil has also on-boarded 100+ food outlets in Delhi NCR, alongside 25 high-quality suppliers from various wholesale mandis, local traders and branded distributors. Having generated Rs 51 lakhs in GMV in April 2022, Redbasil is currently clocking a growth of 30% month-on-month.