Sattviko, a fast-casual pure vegetarian restaurant chain, has raised Rs 70 lakh ($113,000) more as part of its angel funding from a group of investors, according to a press release. With this, the company has raised a total of Rs 2 crore ($322,000).
In the latest round, investors like CommonFloor.com’s co-founder Sumit Jain, Xerox India’s MD Rajat Jain and Samsung’s Network Business VP Sanjay Bhasin participated.
Early last year, it had raised Rs 1.3 crore from a group of investors and had told VCCircle that it is raising more.
The company will use the funding for its growth plans, especially to diversify the product range, increase the team, expand in India, etc.
Incepted in February 2014, the Delhi-based restaurant offers cuisine seeped in vedic methods of food preparation termed ‘Sattvik’, without onion and garlic. It serves continental, Indian and Mexican specialties through a menu of meals, salads, munchies, desserts and beverages.
“We endeavour to add new dimensions to Sattviko like new food, technology and delivery, in newer cities,” said Prasoon Gupta, founder and MD, Sattviko.
Sattviko has recently added some features to make its food-delivery service more easy, accessible and technologically driven for its customers. The restaurant chain, which currently operates five outlets and delivery centres in Delhi and Gurgaon, will be launching three more by April this year.
(Edited by Joby Puthuparampil Johnson)