Mukunda Foods raises $8 mn in Series A Round

In its latest round of funding, Food robotics company Mukunda Foods has raised $5 million. This funding round was led by food delivery platform-Zomato.The company’s valuation after this round of funding has reached $30 million. Prior to this, Mukunda Foods has raised funds from Ncubate Capital, Singapore Angel Network, and Indian Angel Network.Till date, the company has raised a total of around $8 Million in funding. The company said that it will be using these funds for its expansion. Mukunda Foods also intends to utilize a part of the raised funds to introduce multiple ROI-based models to help the F&B businesses scale. Mukunda Foods basically designs and creates products that automate the cooking processes for QSR & Cloud-based kitchens. Eshwar K. Vikas, Chief Executive Officer (CEO) and Co-Founder of Mukunda Foods, after the fundraising round, said: "Zomato and Mukunda Foods share the vision of reaching every restaurant and helping them grow. While Zomato does it by helping restaurants reach more customers and increasing their revenues, we help the F&B brands increase their profitability and grow fast with our kitchen technologies. This common interest will help the F&B industry greatly." The company has automated the preparation of diverse cuisines like North Indian Food, South Indian Food, Chinese Food, fried food, pizzas, Continental, Biryani, etc.