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[FUNDING NEWS] India-Based Ninecamp Secures $2 Million in Seed Round Funding

A new generation food and beverage company called Ninecamp Ventures has received $2 million from well-known angel investors and non-institutional investors in its seed round.

Mohit Gupta, Gaurav Gupta (former Zomato co-founders), Varun and Ghazal Alagh (MamaEarth founders), Vikram Chopra, Ruchit Agarwal, Mehul Agrawal, Gajendra Jangid (Cars 24 founders), Vir Das (comedian, actor), and Divine (musician), Atul Singh (ex-chairman, Coca-Cola Asia Pacific), Dharmil Sheth (co-founder, PharmEasy), Utsav Somani (ex AngelList), Ritesh

The money raised will be put towards developing new ideas and products, hiring top personnel, buying luxury real estate, and expanding the company’s portfolio of brands.

Read also- Singapore-Based Dr Clear Aligners Raises $8 Million in Series A Round Funding

Ninecamp was founded by Chaitanya Mathur with the goal of developing brands that speak to the changing needs of the Indian consumer base as well as the market. With an emphasis on global standards in product, service, design, and ingredients, the company aims to launch a new wave of experience dining while creating brands that are both for and from India.

For those who are unaware, Mathur’s creation of Zomaland was crucial in launching Zomato’s live business.

Read also- Singapore-Based Zklink Secures Undisclosed Amount in Funding

The company opened its first eatery, Marièta, a Latin American-inspired eatery and bar at Two Horizon Centre in Gurugram, in April of this year.

About Ninecamp

Ninecamp is a premium food and beverage company with a foundation in consumer goods and dining experiences. Ninecamp Ventures aims to develop brands that will improve the nation’s food and beverage industry.

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