Hyderabad startup OYCHEF on Monday announced it has secured Rs.2.5 crore seed funding from GrowthStories and others
Telangana Principal Secretary (I&C & IT) Jayesh Ranjan, formally launched OYCHEF, a private chef-on-demand app in Hyderabad, which is available for download on Google Play Store and the App Store.
The startup up, which has 45 Chefs on board, has set an immediate target to add an additional 350 Chefs and 1000 freelancer Chefs. It is aiming to expand its wings in Bangalore and Goa by 2022. This expansion will be followed by entry into Mumbai, Pune, and Delhi by 2023.
The company is also in talks with investors to raise another Rs. 10 Crores to fuel OYCHEF's future growth plans which include adding 1000 freelancers to the platform.
The mobile app startup delivers private chef at home service with a fine dining restaurant and quality cuisine experience. GrowthStories, founded by serial entrepreneurs Sainath Goud Malkapuram, and Vinay Kotra, focuses on promoting new seed-stage ideas with a promising, sustainable business future.
Launching the app, Jayesh said with changing consumer expectations, food consumption behavior during the pandemic, startups like OYCHEF have unlocked as a major category, leading to new employment opportunities, and added economic contributors in cities like Hyderabad and others.
OYCHEF, the largest Personal Chef marketplace on the web, aims to decentralize the culinary industry, make it accessible to all, help professional chefs grow, and reduce their financial dependence on restaurants.
"GrowthStories Co-founders Vinay Kotra and Sainath Goud Malkapuram have joined the OYCHEF board. With their enormous experience in developing ideas, they quickly understood the need to bridge this unaddressed gap and came on board," said Shruthi Reddy, Early-stage founder and ideator of the OYCHEF app service.