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2015-01-12

Food ordering startup TapCibo secures funding from FreeCharge\'s CEO Alok Goel

TapCibo is co-owned by Goel’s wife Monica Rastogi. The startup will use the capital for team expansion as well as for technology enhancement.

Bengaluru-based food ordering app TapCibo has received an undisclosed amount in funding from Alok Goel, founder and CEO, FreeCharge, an online mobile recharge venture, according to a VCCircle report.

TapCibo is co-owned by Goel’s wife Monica Rastogi. The startup will use the capital for team expansion as well as for technology enhancement. TapCibo delivers good quality (hygenic and healthy) food at affordable rates. The service is currently available in Bengaluru only.

Started in October last year by Rastogi, an MCA from Harcourt Butler Technological Institute (Kanpur), along with Shashaank Shekhar Singhal, an alumnus of Indian School of Business (Hyderabad), the startup works on the concept of food courts and kitchen services. Going forward, the startup is planning to partner with small food outlets and kitchen services.

"We started a pilot in August last year on WhatsApp. Within no time, we started getting repeated requests. We realised that a lot of people here want to eat good food at a reasonable price. So we finally launched the mobile app," Rastogi told VCCircle.

TapCibo offerS on-demand food within 30 minutes, which spares people, especially office-goers, from going to costly-restaurants for everyday lunch. The startup is mainly facing competition from SpoonJoy, which allows office goers and other consumers to order meal packs, and NutriTown. Gurgaon-based Yumist is another venture working in this space.

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