“The Signal Hill team, led by Klaas and Meherzad, worked tenaciously to create a desirable outcome for the Company. Their perseverance got us past the finish line, and we highly recommend Signal Hill for their sharp focus on tech investment banking in India.”
Freshmenu announces INR 1.1 Billion ($17M) Series B investment from Zodius Technology Fund and Lightspeed Venture Partners
Signal Hill is pleased to announce that its client, Food Vista India Pvt. Ltd. which owns and operates FreshMenu.com, the leading “full-stack” internet restaurant, has raised a INR 1.1 billion ($17 million) Series B round led by Zodius Technology Fund, with participation from existing investor Lightspeed Venture Partners.
Through its full-stack model, the company controls the entire customer experience from online/mobile ordering, to great fresh food preparation and timely delivery. In a sector that has seen significant shake out in 2015, Freshmenu’s product market fit, stellar growth and margin profile made the Company break-out from the pack; and this significant Series B funding round will enable the Company to continue its rapid growth trajectory.
The food delivery sector is expected to be a $50 billion market by 2020 and there is a strong case to build a national mobile/online-first food tech company in India. Freshmenu will use funds from this round to expand operations across the top six cities in India, and further its investments in brand building, tech and people.
About Signal Hill India
Signal Hill Capital Advisory India Pvt. Ltd. (“Signal Hill India”) is a leading advisory boutique serving the M&A and private capital raising needs of growth companies in the technology sector. Signal Hill India's experienced bankers provide deep domain expertise and an unyielding commitment to clients in our sectors: Internet & Digital Media, Software (Enterprise Software, SaaS/Cloud, FinTech/Payments & IT Security) and Services (IT Services, BPO, Healthcare IT, Analytics & Education). Internet Infrastructure, Services and Software. Signal Hill India has offices in Bangalore and Mumbai. For more information visit www.signalhill.com.
 Source: Euromonitor