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Redbasil raises seed round led by Mumbai Angels

Redbasil, a tech-driven, zero-inventory marketplace for wholesale food supply for restaurants and cloud kitchens, has raised $330k as part of its seed round led by Mumbai Angels. The round also saw the participation of SAT Industries Ltd, Planb Capital and other investors.

Redbasil will use the capital to expand its ground operations and sales team in the Delhi NCR region and invest in engineering resources and tech infrastructure.

The platform also aims to onboard over 500 outlets and clock a monthly GMV of over Rs 1.5 crore with the funding.

Redbasil’s digital marketplace model enables restaurants and cloud kitchens to source high-quality food supplies seamlessly through its mobile app. According to the company, its online marketplace improves quality, services and price discovery for restaurants while offering suppliers a full-featured digital storefront to grow their business.

Since its inception, the platform has sourced produce for over 2,000 SKUs with over 5,000 in the pipeline. Redbasil has also on-boarded more than 100 food outlets in Delhi NCR, alongside 25 high-quality suppliers from various wholesale mandis, local traders and branded distributors.

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