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2013-09-12

Indian Angel Network Invests In Mukunda Foods

Indian Angel Network today announced its investment in Mukunda Foods. The start-up is into design & development of automated food equipment for use in the Indian food retail segment.\r\n

Indian Angel Network today announced its investment in Mukunda Foods. The start-up is into design & development of automated food equipment for use in the Indian food retail segment.

 

Mukunda Foods is also an IAN incubatee company, which has graduated from the IAN Incubator and raised investment. This round of investment was led by IAN investors Mr. Hari Balasubramaniam and Mr. P Gopinath.

 

Eshwar K Vikas and Sudeep Sabat founded Mukunda Foods in May 2012. Mukunda Foods joined the IAN Incubator in 2011 with Mr. Hari Balasubramaniam as their IAN mentor, who helped strategize Mukunda Foods to become an investible business.

 

Eshwar K Vikas, Co-Founder, Mukunda Foods says, “We take a lot of care to design the equipment to international safety standards to have a unique experience. All this and more, just to put steaming hot food on your plate untouched by human hand. But an idea to a venture could not have been possible without the IAN mentors which helped us get on a path to our vision to revolutionize the retail food production.”

 

Mukunda Foods will use the funds raised to develop the DosaMatic, establish it as a brand, streamline the manufacturing and create robust sales and service channels.

 

P Gopinath, an IAN investor said, “Mukunda Foods is a promising venture and we believe in the team and their abilities to make it a success. DosaMatic is a start for a food revolution. It’s a unique proposition and hence, will create a niche in retail as well as in the domestic space for itself in the near future.”

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