Mumbai-based food delivery startup Holachef Hospitality Pvt. Ltd has raised Rs 19.5 crore ($3 million) in a Series B round of funding from SIDBI Venture Capital Ltd and existing investor Kalaari Capital.
The VC arm of state-run Small Industries Development Bank of India led this round with a Rs 13 crore infusion, show documents filed by Holachef with the Registrar of Companies. Kalaari invested the remaining amount.
Holachef allotted equity and preference shares in October last year to raise the funds.
In July last year, VCCircle had first reported that Holachef had mopped up Rs 13 crore from Kalaari Capital and India Quotient. This would take the total funding raised by Holachef as part of its Series B round to around $4.8 million.
An email query sent to Saurabh Saxena, CEO at Holachef, did not elicit a response while phone calls made to his mobile number remained unanswered at the time of filing this report.
Separately, The Economic Times cited Saxena as saying that Holachef will use the funds raised to build its team and grow the logistics…