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Foodtech startup Mealawe raises $1 Mn in new round

EntrackrEntrackr · 5m ago
Foodtech startup Mealawe raises $1 Mn in new round
Medial

Foodtech startup Mealawe has raised $1 million in funding from a mix of Foreign Direct Investment (FDI), a network of Shark Tank founders, and angel investors associated with companies such as Goldman Sachs and Oracle. The new capital will be used to scale operations by expanding women-led kitchens, strengthening corporate cafeteria solutions, and deepening partnerships for organic ingredient sourcing. Founded by Rupesh Kumar, along with co-founders Pratap Haldar and Nikhil Jain, Mealawe began as a platform connecting home chefs with customers, providing nutritious, homemade-style meals. As it scales, Mealawe is integrating home chefs and women from the workforce into a structured kitchen model, creating economic opportunities while maintaining the essence of homemade food. To ensure high-quality, nutritious meals, Mealawe directly sources organic kitchen essentials such as bilona ghee, wood-pressed oils, and organic masalas by partnering with farmers, ensuring both better food quality and sustainable agricultural practices. Beyond meal delivery, Mealawe has developed a corporate cafeteria management platform that allows businesses to provide high-quality meals without operational complexities. For smaller companies that lack physical cafeteria spaces, Mealawe offers a virtual cafeteria solution, ensuring seamless meal access for employees. Since its launch in October 2022, Mealawe claims to have grown rapidly, delivering over 30,000 meals monthly. Currently operational in Pune, Bengaluru, Mumbai, and Kota, Mealawe is steadily building a nationwide presence. The firm plans expansion into 14 cities over the next 10-12 months, with a target of delivering 1 million meals per month.

Posha secures $8 Mn in Series A round led by Accel

EntrackrEntrackr · 2m ago
Posha secures $8 Mn in Series A round led by Accel
Medial

Posha secures $8 Mn in Series A round led by Accel Co-founded in 2016 by Raghav Gupta and Rohin Malhotra, Posha (formerly Nymble) is a kitchen robotics company developing and selling a countertop robot that automates cooking processes. Kitchen assistance robot maker Posha has secured $8 million (about Rs 67 crore) in a Series A funding round led by Accel. The round also saw participation from existing investors, including Xeed Ventures and WaterBridge Ventures, along with angel investors like Flipkart cofounder Binny Bansal and others. The company had previously raised $8.81 million. The fresh funds will be allocated towards expanding the recipe database and improving the user interface experience of the kitchen robot, Posha said in a press release. The company’s main product is a kitchen robot that uses AI, computer vision, and robotics to prepare meals, follow recipes, and adjust ingredients and heat levels. According to the San Francisco-based company, it offers a wide range of recipes across various cuisines and can be tailored to individual tastes. Its robot can autonomously add ingredients, control heat, and adjust spice levels, making it a "private chef in every kitchen." The robot uses vision models and AI to identify ingredients, understand recipes, and make precise cooking decisions. It is designed to simplify the cooking process, making it accessible to people who may not have cooking experience or time. According to market research, the Indian smart kitchen appliance market is expected to reach $19.31 billion by 2030. Posha aims to make home cooking easier and healthier by enabling fresh food preparation. The startup has priced the robot at $1,500 (around Rs 2 lakh) and is also offering a subscription model to access customised recipes. The brand claims that its device has the capability to cook over 1,000 recipes spanning more than 10 cuisines. Other notable players in this space include Evochef, Mukunda Foods, and Beyond Appliances.

Apple aims to tell an AI story without AI bills

Economic TimesEconomic Times · 1y ago
Apple aims to tell an AI story without AI bills
Medial

Apple CEO Tim Cook has assured investors that the company will soon have concrete plans for artificial intelligence (AI). Cook mentioned that Apple has made significant investments in generative AI and has spent $100 billion on research and development in the past five years. While Apple's tech rivals have spent comparable amounts on R&D and building data centers for AI services, Apple has taken a different approach. Cook hinted at new AI features being unveiled at the upcoming software conference and the integration of AI-ready chips into product lines. However, CFO Luca Maestri noted that Apple's capital expenditures strategy will remain the same, relying on data center capacity from third parties. It remains uncertain whether AI features alone will significantly boost device sales.

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