India-based online food delivery startup TastyKhana is today revealing a massive investment from Germany-based online food delivery company DeliveryHero.com. In addition to the early seed investment in TastyKhana last year, the German company is now putting $5 million more in funding.
The TastyKhana team explain that since the initial investment from DeliveryHero last year, the startup has grown to serve seven cities in India from more than 3,000 restaurants, and record a 400 percent transaction volume growth. Being in a similar industry to the German firm, TastyKhana also receives guidance from DeliveryHero to make sure the startup gets to the next level.
Besides TastyKhana, there are a few online food ordering startups who are looking to be the country’s number one. Among them is Rocket Internet’s Food Panda which has a presence in 12 cities in India.