Hyderabad startup Oychef secures Rs 2.5 crore, plans to raise another Rs 10 crore
Hyderabad: Hyderabad-based startup Oychef has secured Rs 2.5 crore seed funding from GrowthStories and others. The mobile app startup delivers private chef at home service with a fine dining restaurant and quality cuisine experience. The startup, which has onboarded 45 chefs has set an immediate target to add an additional 350 chefs and 1,000 freelancer […]
Hyderabad: Hyderabad-based startup Oychef has secured Rs 2.5 crore seed funding from GrowthStories and others. The mobile app startup delivers private chef at home service with a fine dining restaurant and quality cuisine experience.
The startup, which has onboarded 45 chefs has set an immediate target to add an additional 350 chefs and 1,000 freelancer chefs, further expand into Bangalore, and Goa by 2022. This expansion will be followed by entry into Mumbai/ Pune and Delhi by 2023. The company is also in talks with investors to raise another Rs 10 crore to fuel further growth.
Jayesh Ranjan, principal secretary, Industries & Commerce (I&C) and Information Technology (IT), Government of Telangana, formally launched Oychef, a private chef on-demand app in Hyderabad, which will be available for download in Google Play Store and the App Store.
Launching the Oychef app recently, Jayesh Ranjan said, with changing consumer expectations, food consumption behaviour during the pandemic, startups like Oychef have unlocked a major category, leading to new employment opportunities, and added economic contributors in cities such as Hyderabad and others.
“What made us commit to Oychef is their sustainable business model and the road map to create the largest ‘personal chef’ marketplace on the web and to decentralise the culinary industry, make it accessible to all, help professional chefs grow, and reduce their financial dependence on restaurants,” said GrowthStories co-founders Vinay Kotra and Sainath Goud Malkapuram.
Kotra and Goud have joined the Oychef board. Manoj Yadav, James Johnson, and Deepthi Dullur are the other directors on board.
“Every idea starts with a problem. Having first-hand knowledge of the hurdles faced by chefs at various levels in finding employment and sensing a unique opportunity from this experience, I pitched the idea to GrowthStories. With their enormous experience in developing ideas, they quickly understood the need to bridge this unaddressed gap and came on board,” Shruthi Reddy, founder, Oychef, said.
Chef on boarding
The app connects foodies and chefs of their choice that is affordable, accessible & easy to book for home and parties wherever you are. The startup follows a rigorous chef onboarding process, and thoroughly checks the background of each chef, as the chef will directly be in touch with the women in the family and deep-down kitchen.
Oychef brings South, North, West, East Indian as well as inter-continental cuisines experience to its clients. The chef service starts as low as Rs 300 per hour. The chefs are available on hire to prepare various meals for a few days, weeks, or even longer for your household. It plans to also explore partnerships with big apartment complexes and other institutions to grow their business.
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