Foodtech startup On2Cook gets Rs 17 cr seed funding at Rs 100 cr valuation

Firm says its cooking appliances help domestic and commercial kitchens

On2Cook India, a food technology start-up that made an appearance on season 1 of business TV reality show 'Shark Tank', has raised Rs 17 crore in seed funding at a valuation to Rs 100 crore.

The funding round was led by angel investor Mayur Desai, who infused the first tranche of Rs 16 crore for 16 per cent equity. The round also saw the participation of NRI investor Nirbhay Gandhi, who put in Rs 1crore for 1 per cent equity.

On2Cook’s device combines cooking technology with induction or flame acting on the food from outside and microwaves from inside, said