Aker Foods raises funding from Mumbai Angels Network

Aker Foods raises funding from Mumbai Angels Network

28th April, 2020: Aker Foods, an AI-ML Driven Supply chain platform, has raised undisclosed funding from Mumbai Angels Network. Aker Foods was founded in Feb 2019, headquartered in Pune by serial entrepreneurs Suraj Saste, Nihal Surve, Manoj Jadhav & Adarsh Kedari. Aker Foods is building an AI-ML Driven Supply chain platform for Hotels and commercials kitchens with end to end traceability with a set of private labels to solve problems of Quality, Reliability, Tracking analytics with technology. The company counts Swiggy, Zomato, Subway, Farzi Cafe & others as its esteemed clients. Suraj Saste, Co-Founder of Aker Foods, said, "We are focused on building India’s largest Supply chain technology platform for Restaurants and Delivery kitchens.  Besides helping us raise funds in such precarious & unprecedented times , Mumbai Angels has bestowed their faith on us & also got us connected to its vast network of Investors across cities in India. This current funding will help us service more customers across selected cities also accelerate onboard new clients & supply network. We will continue to add value across the journey with the continuous refinement of our supply chain.”

Nandini Mansinghka, Co-promoter and CEO Mumbai Angels Network, commented, “Aker foods uses end-to-end technology driven platform for the food value chain to ensure that high quality ingredients reach the kitchens  We are happy to onboard Aker Foods in our diversified portfolio & look forward to be part for their growth story and this sector.”

About Mumbai Angels Network: Started in 2006, Mumbai Angels Network (MA Network) is India’s premier platform focused on new venture investing. The network is today 450+ members strong, across 9 chapters (Mumbai, Delhi, Bangalore, Kolkata, Hyderabad, Goa, Pune, Jaipur, and Chennai). It has a 135+ strong portfolio with 30+ exits and has invested 150+ crores. About Aker Foods: Aker Foods builds AI-ML Driven Supply chain platform for Hotels and commercials kitchens with a set of private labels to solve problems of Quality, Reliability, Tracking analytics with technology. Aker's ordering platform for restaurants helps them with predictive ordering, understand the wastage, spending’s and optimize the resources accordingly. Along with the Raw Food ingredients supply, Aker provides the Pre-made and processed food ingredients thus saving the food preparation time and manpower cost to the restaurants. These are private labels owned by Aker Foods.