Quick service restaurant (QSR) startup Charcoal Eats has raised Rs 5 crore from high networth individual (HNI) investors in pre-series A funding round.
The investors are Rajesh Ramanathan, head global growth, Mondelez; Kush Verma of Asoka Capital, Sanjay Bhandarkar of Rothschild, Amit Gupta of New Quest Capital Partners, Vishesh Shrivastav of Temasek, Sachin Khivasara of Bouyant Capital, among others, the company said in a release.
With this, the total funds raised by the company has gone up to Rs 12 crore.
Charcoal Eats currently operates 22 outlets across six Indian cities and is targeting to have over 60 outlets across 10 cities by December, according to the release.
***************** Cristiano Ronaldo partners Graphic India for animated series *
***************** Royal Sundaram launches travel insurance cover *
***************** IHCL to add 220 guest rooms in Taj Bangalore *
Disclaimer: No Business Standard Journalist was involved in creation of this content