QSR startup Charcoal Eats raises Rs 16Cr from Lokmat Investments

Charcoal Eats, the Mumbai-settled brisk assistance eatery (QSR) startup, on Thursday said it has brought Rs 16 crore up in a funding round driven by Lokmat Investments — a division of multi-stage media organization Lokmat Media. The round additionally observed support from other key speculators, including business pioneers from the monetary and FMCG world, for example, Nilesh Mehta, Girish Patel, Pankaj Razdan, Chetan Mehrotra, and Sanjay Teli. Existing speculators, including Sanjay Bhandarkar, Rajesh Ramanathan, and entertainer Riteish Deshmukh likewise took an interest. Charcoal Eats will utilize the new asset to reinforce its essence in various pieces of the nation, just as put resources into brand building, it said in an assertion.

Established in September 2015 by Anurag Mehrotra, Krishnakant Thakur, Mohammed Bhol, and Gautam Singh, Charcoal Eats is a tech-empowered, Indian QSR startup that conveys great, modern Indian flavors to its benefactors. Talking about the venture, Anurag Mehrotra, Co-organizer and CEO, Charcoal Eats, stated, "We have effectively accomplished consistency and versatility in the Indian QSR section, which are two significant difficulties in this space. Over the most recent five years, we have served over 1.5 million requests and appreciate high consumer loyalty. The new speculation emphasizes our dedication towards building a top-notch Indian QSR brand and our speculators' trust in the versatility of our model."