On2Cook India secures seed funding of Rs 17 crore

Food technology startup On2Cook India on Tuesday said it has secured a seed funding of Rs 17 crore.

The funding round was led by angel investor Dr Mayur Desai, who infused the first tranche of Rs 16 crore for a 16 per cent equity at a valuation of Rs 100 crore, according to a statement.

The round also saw the participation of NRI investor Nirbhay Gandhi who invested Rs 1 crore for an 1 per cent equity. Founder and CEO Sanandan Sudhir said the brand is in talks with other strategic investors to raise another Rs 3 crore as part of the round.