Jiyo Natural a health food company has acquired Sangeetha Aahar a Bangalore based food delivery company for an undisclosed amount.
Jiyo Natural was founded in March 2014 by Rajesh Singh, Jayas Damodram, Sunandini Sharma and Gaurav Bhalotia. It offers wholesome and healthy meal options to the consumers. Whereas, Sangeetha Aahar is in business of delivering food to customers for over 4 years now.
Jayas Damodaran Managing director at Jiyo Natural Pvt. Ltd said
“After the acquisition, we will be delivering around 2,700 meals a day and aim to reach close to 4000 in three months”
Jiyo Natural will now aim at growing their revenue by 30% and also will increase capacity by 140%. It is also planning to introduce ready to cook meals from the next quarter.
Jayas Damodaran said,
“With the acquisition of Sangeetha Aahar, we will be delivering around 2,700 meals a day and aim to reach close to 4,000 in three months.”
Other food tech startup raised funding. Peeto raised $ 1 million from Axilor Ventures an early stage venture capital firm and some HNIs. Sattviko, Innerchefs, WIMWI foods, etc, other startups in this segment.