SaveEat raises $500,000 in pre-Series A funding

14 Dec 2022 , 10:44 AM

SaveEat has received $500,000 in pre-series A funding from Credent Investment Pvt Ltd, bringing the foodtech startup’s valuation to $4 million.

The company plans to invest the money in marketing, team expansion, and technology. With the extra cash, the company might increase the size of its operations in Mumbai, Pune, and Bengaluru.

This pre-seed investment follows on the heels of the product’s original conceptualization, the company’s ambitious yet practical revenue model, and the unrealized potential the firm offers in a market like India. For this objective, the business also wants to employ the greatest and most talented individuals in the nation. Sneh Binny, the founder and CEO of SaveEat, stated that the company aims to be a pioneering foodtech platform that tackles the Rs 40,000 crore problem of food wastage in India’s hospitality industry.