Berlin-based global online food ordering and take-out service Delivery Hero has invested $ 5 million in Pune-based food delivery site TastyKhana at a $16-18 million valuation. Prior to this, DeliveryHero had invested in a seed round in early 2012.
TastyKhana was launched in 2007 in Pune by Shachin Bhardwaj and Sheldon D’Souza. It claims to have scaled from 2 cities in 2012 to 7 cities with over 3000 restaurants, posting a 300% increase in order volume rate.
Source: iamwire.com
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