Food portals flavour of the season for venture capital investors
After disrupting segments such as retail and taxi services, India’s internet startups are now turning their attention to the food business. Bengaluru-based FreshMenu, part of serial entrepreneur K Ganesh’s startup factory GrowthStory, is close to raising $3-5 million from Lightspeed Venture Partners, people familiar with the matter told ET. The nascent efforts have caught the attention of top venture capital investors such as SAIF Partners, Accel, Helion Ventures, Lightspeed and Matrix Partners, with at least half dozen deals cooking. According to Tracxn, which tracks data on startups, there are at over three dozen startups that have come up across Bengaluru, Mumbai and Gurgaon over the past two years.