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Venture Capital
pravegavc.com

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Investments

23

Portfolio Exits

1

Funds

2

About Pravega Ventures

Pravega Ventures started with a simple vision: to help passionate founders get their ideas off the ground. Before product-market fit, before traction, when literally the only thing is the founder's conviction, and a vision that is often so bold as to be intimidating. This stage, akin to the the initial liftoff of a rocket, is also the hardest part of a new venture's journey. At Pravega, their endeavor is to build a platform to serve as the launchpad for this journey. There are two core underpinnings of this platform. The first is their commitment to spend time with the teams - on everything from recruiting, product definition, to go-to-market - helping to solve the problems and accelerate the speed of execution. The second is their extensive network of seasoned founders and experts that teams can lean on for advice and mentorship in matters both strategic and tactical.

Pravega Ventures Headquarters Location

Second Floor, FPM Towers, 14th Cross, 9th main, Sector 6, HSR Layout

Bengaluru, 560102,

India

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Latest Pravega Ventures News

Boom In Home Cooked Food Market In India: ChefKart Raises $3 Million To Expand!

Aug 1, 2022

Share Chefkart, a Gurugram-based at-home cooking services platform said that it has raised $2 million in funding led by Pravega Ventures and Blume Ventures. The investors include Zomato cofounder Deepinder Goyal, Titan Capital, Cred founder Kunal Shah, Tremis Capital, Lets Venture. The company is aiming to utilize the raised capital to dominate the subscription-based at-home cooking service market in Gurugram as well as expanding to new regions. Founded in 2020 by Vaibhav Gupta, Arpit Gupta, and Aman Gupta, ChefKart offers qualified and vetted home chefs who prepare hygienic meals per the user’s preferences. Increased MoM Growth Vaibhav Gupta, chief executive officer and founder of ChefKart said that “We have served over 3,200+ families and are managing over 2,300+ cooking sessions daily with a 15% month-on-month growth and cost-saving is our DNA. With Urban Company shutting down its chef services, we are the market leader. and proves our mantle of running and building a large-scale enterprise”. According to the FICCI-PwC report, the Indian food services market is expected to be worth Rs 5,52,000 crore. The unorganized sector accounts for approximately 57% of the pie. ChefKart is transforming the hospitality industry by upskilling the unorganized home cooking spacer. The company has also built hyperlocal marketing and established supply control in Gurugram, with strategic plans for the upcoming expansion to other regions. It has launched new lines of business, Chef for parties, and the team is also working on expanding through adjacencies available in the business, as per company statement. Reacting on this development, Adetee Agarwaal, Founder of PinkAprons said, “Congratulations to ChefKart for raising funds, and creating more awareness about home made food. Although our business model at PinkAprons is different from ChefKart, we are also unleashing a revolution in the home cooked food market, and empowering home chefs to become food entrepreneurs. We are very optimistic about this niche market, and hopefully, this funding development will open up the doors for other startups as well, in this segment.” Digitize the Unorganized Sector Mukul Singhal, cofounder, and partner at Pravega Ve “ChefKart is driven by the idea to digitise an essential service that is largely unorganised. They are the pioneers in streamlining an industry with tremendous untapped market potential”. According to market studies, the food service market size is estimated to reach $95.75 billion by 2025 with a CAGR of 10.3 per cent. The company forecasts aggregation on top of the grocery delivery space, with a goal to capture the time spent by consumers planning their daily meals and their arrangements.

Pravega Ventures Investments

23 Investments

Pravega Ventures has made 23 investments. Their latest investment was in ChefKart as part of their Seed VC on July 7, 2022.

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Pravega Ventures Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

7/25/2022

Seed VC

ChefKart

$2M

No

8

6/27/2022

Series B

Property Share

$47M

No

3

5/25/2022

Seed VC

FanTiger

$5.5M

Yes

4

9/20/2021

Series A

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$99M

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10

8/2/2021

Pre-Seed

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$99M

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10

Date

7/25/2022

6/27/2022

5/25/2022

9/20/2021

8/2/2021

Round

Seed VC

Series B

Seed VC

Series A

Pre-Seed

Company

ChefKart

Property Share

FanTiger

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Amount

$2M

$47M

$5.5M

$99M

$99M

New?

No

No

Yes

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Co-Investors

Sources

8

3

4

10

10

Pravega Ventures Portfolio Exits

1 Portfolio Exit

Pravega Ventures has 1 portfolio exit. Their latest portfolio exit was GreyAtom on January 10, 2022.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

1/10/2022

Acquired

$99M

1

Date

1/10/2022

Exit

Acquired

Companies

Valuation

$99M

Acquirer

Sources

1

Pravega Ventures Fund History

2 Fund Histories

Pravega Ventures has 2 funds, including Pravega Ventures Fund - I.

Closing Date

Fund

Fund Type

Status

Amount

Sources

11/27/2018

Pravega Ventures Fund - I

$2.06M

1

7/15/2016

Pravega Ventures

$99M

10

Closing Date

11/27/2018

7/15/2016

Fund

Pravega Ventures Fund - I

Pravega Ventures

Fund Type

Status

Amount

$2.06M

$99M

Sources

1

10

Pravega Ventures Team

2 Team Members

Pravega Ventures has 2 team members, including , .

Name

Work History

Title

Status

Rohit Jain

Founder

Current

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Name

Rohit Jain

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Work History

Title

Founder

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Status

Current

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