Vccirlce reported that Bangalore-based Love Food Ventures Pvt Ltd, which runs online food delivery startup 48East, has secured $500,000 (Rs 3.4 crore) in pre-Series A funding from the Al Dhaheri family of the UAE.
48East prepares and delivers Asian gourmet food on demand. The number 48 refers to 48 different countries in Asia, and the startup serves food from cuisines of China, India, the Middle East, Southeast Asia and the Far East. 48East is currently operational only in Bangalore. Earlier, in August 2016, 48East had raised $250,000 in an angel round from Agra-based ACPL Exports, a silver jewellery exporter.
Food-tech startups are anticipated to be the future of food ordering and delivery. For more information, visit http://www.vccircle.com/news/technology/2017/02/10/uaes-al-dhaheri-family-backs-food-tech-startup-48east?logintype=premium