Homegrown Hunch Ventures, a venture capital firm that invests in early-stage food and beverage startups in India, has picked up a minority stake in Farzi Cafe, an Italian cuisine brand. The investment amount was not disclosed.
Farzi Cafe was founded in 2015 by Zorawar Kalra and Gaurav Dhingra. The company operates a chain of restaurants in Mumbai, Delhi, and Bengaluru. Farzi Cafe is known for its creative takes on Italian dishes, such as its pani puri pizza and butter chicken lasagna.
Homegrown Hunch Ventures was founded in 2021 by Ankur Warikoo, former CEO of Nearbuy. The firm has a focus on investing in early-stage food and beverage startups that are disrupting the traditional food industry.
The investment in Farzi Cafe is Homegrown Hunch Ventures’ second investment in the food and beverage sector. The firm’s first investment was in Wow Momo, a chain of momo restaurants.
The investment in Farzi Cafe is a sign of the growing investor interest in the Indian food and beverage sector. The sector is expected to grow at a CAGR of 8% to reach $400 billion by 2025.
Here are some of the key takeaways from the news:
- Homegrown Hunch Ventures has picked up a minority stake in Farzi Cafe, an Italian cuisine brand.
- The investment amount was not disclosed.
- Farzi Cafe was founded in 2015 by Zorawar Kalra and Gaurav Dhingra.
- The company operates a chain of restaurants in Mumbai, Delhi, and Bengaluru.
- Farzi Cafe is known for its creative takes on Italian dishes.
- Homegrown Hunch Ventures was founded in 2021 by Ankur Warikoo.
- The firm has a focus on investing in early-stage food and beverage startups.
- The investment in Farzi Cafe is Homegrown Hunch Ventures’ second investment in the food and beverage sector.
- The investment in Farzi Cafe is a sign of the growing investor interest in the Indian food and beverage sector.
Here are some of the implications of the news:
- The investment in Farzi Cafe is a vote of confidence in the Indian food and beverage sector.
- It shows that investors are bullish on the growth prospects of the sector.
- The investment is also likely to help Farzi Cafe to expand its operations and reach a wider audience.
- The investment is also likely to create jobs and opportunities for Indian entrepreneurs and workers.