2017
Ahmedabad (India)
Seed
Terra Food Co. is a multi-brand cloud kitchen company based in Ahmedabad, India, focused on providing accessible and affordable gourmet food to Tier 2 cities. Founded in 2017 by Sriram Nair, the company operates a network of hyperlocal cloud kitchens and leverages both online and offline platforms.
Key Highlights:
Concept: Terra Food Co. aims to provide niche and gourmet cuisine formats at affordable price points.
Founder: Sriram Nair, who also established Terra, a café introducing Ahmedabad to the farm-to-table concept in 2017.
Funding: Terra Food Co. has raised a total of $1.8 million. This includes $1 million in seed funding and $800,000 in Pre-Series A funding.
Investors: Investors include Faad Network, LetsVenture, Chennai Angels, Zero to One Fund, Twin & Bull Fund, and ah! Ventures.
Operations: Terra Food Co. processes 26,000 orders per month and generates a monthly recurring revenue of over INR 1 crore.
Expansion Plans: The company plans to expand to 25 cities with over 100 kitchens by 2025. Expansion includes venturing into Tier 2 cities like Baroda, Surat, Jodhpur, Indore, and Bhopal.
Brands: Terra Food Co. operates several brands, including Terra Gourmet, Sushito, Zeus Burger, Noodle Van, Aho Punjab, Pickup Meals, Jaani Maani Biryani, Papadum, and Hiit Meals.
Innovation: Terra Food Co. is launching innovative self-heating packaging.
$1.87Million
2
$800.0K, Seed
as of July 28, 2023
$4.93Million
as of N/A
5.56
as of N/A
LetsVenture
and 4 more31
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Date | Round Name | Amount | Valuation | Revenue | Revenue Multiple | Investors |
---|---|---|---|---|---|---|
July 28, 2023 | Seed | $800.0K | - | - | - | Zero To One Fund, Twin & Bull, Faad Capital, The Chennai Angels ,ah! Ventures, LetsVenture |
May 27, 2022 | Seed | $1.1Million | $4.9Million | $478.0K | 8.2x | Faad Capital, The Chennai Angels, Agility Ventures, Bluehill Capital ,LetsVenture, Sajitsu Capital, Agico, Trading Managment, Cogent Innovations |