Bangalore based food commerce company – ItsMyMeal has raised $10Mn from angel investor.
The funds raised will be used to build kitchens in technology parks and company campuses. Each kitchen will cater 1000 packs of lunch, evening snacks and dinner per day. The venture aims to provide 40,000 meals per day in next 18 months in Bangalore.
UTI Ventures Funds Management Company Private Limited, the private equity investment subsidiary of UTI Asset Management Co Pvt Ltd, has sold its stake in Ascent Capital Pvt Ltd to the management of the firm, which is headed by Raja Kumar.