“TFC plans to double its revenue by November 2023, capitalizing on its existing kitchen facilities”- Sriram Nair, Founder, TFC
Ahmedabad-based cloud kitchen startup, Terra Food Co (TFC) has raised $ 800K in Pre-Series A Funding Round from ah! Ventures Angel Platform and Others. Other esteemed investors participating in the round include Zero to One Fund, Twin & Bull Fund, and several other international angel investors. Existing investors like Lets Venture, Faad Network, and The Chennai Angels also participated in this round, demonstrating their continued confidence in TFC’s growth and potential.
Sriram Nair, Founder, TFC, “With a strong focus on Tier 2 markets, TFC has witnessed remarkable growth, currently processing an impressive monthly volume of 26,000 orders and generating a monthly recurring revenue of over INR 1 crore. Bolstered by this recent funding, TFC plans to double its revenue by November 2023, capitalizing on its existing kitchen facilities.”
This Pre-Series A funding round will empower TFC to fuel its business expansion, increase its brand portfolio, invest in innovative food technology and product development, and expand its talented team. The company is now gearing up for its Series A funding, expected to be completed by the end of the financial year, further bolstering its growth trajectory.
TFC operates as a multichannel food company, leveraging both online and offline platforms to cater to the rising aspirations and expendable income of consumers in Tier 2 cities. Its portfolio of brands, including Terra Gourmet, Sushito, Zeus Burger, Noodle Van, Aho Punjab, Pickup Meals, Jaani Maani Biryani, Papadum, and Hiit Meals, has been well-received in markets with limited gourmet cuisine options.
TFC aims to establish itself as a pioneer in accessible and convenient gourmet dining through unique pickup and cloud kitchen models, redefining how Indians order and enjoy food online.