Angel Investments
Food supplier to restaurants Redbasil raises Rs.2.5 Cr from Mumbai Angels, others
Mumbai Angels has invested in Redbasil, a zero-inventory marketplace for wholesale food supply for restaurants and cloud kitchens. The round also saw the participation of SAT Industries, Plan B Capital and other investors. Redbasil will 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 INR 1.5 Cr. Redbasil's asset-light B2B marketplace features a curated catalog of 10k+ ingredients and food suppliers, vetted by industry chefs and kitchens. Mobile-app based digital storefront, procurement, order fulfillment and payment transactions enable accurate and low cost operations.
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