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Project: Airbnb For Homefood
Project: Airbnb For Homefood
Existing Traction
• On-boarded 1150 HomeChefs in Delhi and 350 HomeChefs in
USE OF PROCEEDS Kolkata
• Currently delivering 1100 meals a day in Delhi and 200 meals in
• Expansion to 7 cities Kolkata
• Team Hiring • 80% of the chefs on-boarded are women, providing employment
opportunities to the domestic middle class and lower class
• Digital Marketing
Baked by Global VCs/Accelerators
• Raised a Seed round from SOSV (the largest seed fund in the
world)
• Graduated from the 6th cohort of ‘Food-X’ (global FoodTech
accelerator)
• Part of ‘Fb-Start’, a Facebook initiative for early stage startups
HQ: Delhi
Ask: US$1.5M
Company Overview
Project
Offering Use of Proceeds Key Management
Fundraising Goal Geo-Expansion: Expanding to new • BS, Carnegie Mellon University
cities, starting with B’lore and reaching Co-Founder
•
US$ 1.5M 7 cities within 24 months (CEO) Co-Founded BuzzMatch Media, a company in marketing
& editorial space
Hiring: Expanding operations team and • BA, Lady Sri Ram College
Deal Type Co-Founder
satellite offices in each city • Domain expertise in marketing and PR; running a
(COO)
Equity successful venture BuzzMatch Media for over 6 years
Marketing: Investing towards digital &
Negotiable social media campaigns and O2O • B.Com Xavier’s College
Co-founder
method of marketing (CTO) • Co-Founded Pharos in 1994 (provider of email services)
& Sampatti in 2000 (listing platform for real-estate)
Demand Side:
•Demand is generated through corporate tie-ups, monthly subscription
services to enterprises and online channels
69% Hyper-Local
Food delivery
Source: KPMG Report
Market
CAGR in the hyper-local $1B
Distributions: food delivery market
•Localized 3rd party logistic players are involved in door-to-door delivery of
meals from home-chef to end consumer over next 5 years 2
HQ: Delhi
Ask: US$1.5M
Growth Strategies and Performance
Cost efficient expansion to Kolkata with zero people on ground
Key Financials Revenue Model
Revenue (in '000$)
• Commission: Charges a 20%-35% commission on Net Order Value of
35.0 each order (65% of total revenue)
Festival season: • Subscription: Tie-up with corporates to offers daily meals, that are
Increased visibility
billed monthly
22.0
• B2B2C: Physical/virtual presence in an organization to tap individuals
15.9
10.1
10.7
6.6
Milestones & Roadmap
A B C D E F G
Jun-17 Jul-17 Aug-17 Sep-17 Oct-17 Nov-17
Dec Jan Dec Feb Dec Aug Mar
2014 2015 2016 2016 2017 2018 2019
On-Demand
• 80% of the chefs on-boarded are women, providing employment
opportunities to the domestic middle class and lower class Swiggy
(2014, $150M) Zomato
(2008, $250M)
Supply Side
FoodPanda
• 1500 chefs registered (1150 in delhi & 350 in Kolkata) of which 350 are (2012, $320M)
live and 80% women 3 HolaChef
5
Founders (2014, $11M) Hungry
Customer (2016, $2M) FoodCloud
InnerChef
Meal Focused
Service (2015, $4M)
(2014, $0.3M)
Strengths Weakness
• Ability to provide multiple cuisines at one stop, thus fulfilling • Dependent on 3rd party logistics to execute a smooth delivery
consumer’s inherent need for choice experience
• Ability to alter the software/UI based on changing customer • ‘Consumer-Experience’ driven business – A small mistake can
requirements drive customers away
• Ability to devise their own delivery radius- increasing margins, • Margins per order are thin
while reducing variation due to external situations (traffic)
Opportunities Threats
• Convenience being the need of the hour for the present-day • Threats from deep pocketed players, who can foray into the
consumer home-made food delivery segment
• The market is growing at 70% annually owing to the increase • Marketing, and publicity can be an expensive affair for the
disposable income company, going forward