Hyderabad-based foodtech Badhaan bags funds in a seed funding round. It has raised an undisclosed amount in this round led by India Accelerator angel network iAngels.
Furthermore, High net worth individuals and many other industry veterans also participated in this funding round. It includes industry veterans like Pramod Veturi, Sivaram Vallampati and Anand Mahadevan.
This fresh flow of funds will make the company strong by developing its platform. The startup intends to use the funds for expanding its business. Along with all this, launching private label brands will also be one of the key points in the list.
Set up in 2021 by Vishnu Vikyath G and Manoj Mareedu. Badhaan is a business-to-business full-stack platform for the food industry. It offers services related to the procurement of raw materials. Furthermore, it also offers inventory management services for restaurants.
Currently, its area of service includes Hyderabad and Chennai only. The startup views expanding to two more cities by end of FY 23.
India’s B2B segment has seen rapid growth this past year. There has been a significant flow of funding last year. Many startups are receiving early-stage funding. Apnaklub raised funds a few days back.
Last year in December, UOLO raised funds in a series A round of funding.
This Hyderabad-based startup has already partnered with some of the best restaurants and cloud kitchens. Within a year of its start, the company has already started achieving milestones.
Feaured Image Credit: StartupStory
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