The company was founded by Anurag Mehrotra, Krishnakant Thakur, Gautam Singh, Mohammed Bhol in 2015
Mumbai-based QSR startup Charcoal Eats has raised Rs 5 crore in a pre- series A round of funding. The funding round was led by HNI investors such as Rajesh Ramanathan, Head Global GrowthMondelez, Kush Verma, Asoka Capital and Temasek.
The funding will allow them to increase its footprint across new geographies as well as consolidate its presence in existing markets and invest in customer acquisition and brand building.
They currently operates 22 outlets across six Indian cities such as Mumbai, Thane, Pune, Delhi-NCR. By 2018, they are targeting to have more than 60 outlets in 10 cities.
“We have successfully achieved consistency and scalability in the Indian QSR segment which are two major challenges in this space. Our strong product focus enabled by in-house technology is at the heart of our business. In the last 2 years, we have served over half a million customers and enjoy a high customer satisfaction, resulting in repeat business of over 50%. The new investment reiterates our commitment towards building a sustainable and scalable Indian QSR offering consistent quality across the country,” said Anurag Mehta, co-founder and CEO, Charcoal Eats.
The company was founded by Anurag Mehrotra, Krishnakant Thakur, Gautam Singh, Mohammed Bhol in 2015.
