Ninecamp Ventures raises $2 Mn in seed round

Ninecamp Ventures, a new generation food and beverage firm, has raised $2 million (Rs 16 crore) in its seed round from notable angels and non-institutional investors. 

The funding round saw participation from a cohort of esteemed investors, including Mohit Gupta, Gaurav Gupta (former Zomato co-founders), Varun and Ghazal Alagh (founders MamaEarth), Vikram Chopra, Ruchit Agarwal, Mehul Agrawal, Gajendra Jangid (founders Cars 24), 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 Kumar (Director, DS Group), Aaditya Mittal (founder, Punnya). 

The proceeds will be used to further expand its brand portfolio, acquire prime real estate, onboard talent, and invest in research and development for innovative concepts and products. 

Founded by Chaitanya Mathur, Ninecamp plans to create brands that align with the evolving market and the aspirations of Indian consumers. The firm envisions introducing a new wave of experiential dining with a key focus on global standard offerings - in product, service, design, and ingredients, crafting brands for India and from India. 

For the uninitiated, Mathur had played a pivotal role in establishing Zomato's live business by creating Zomaland. 

In April this year, the firm launched its first restaurant, Marièta, a Latin American-inspired restaurant and agave-forward bar, at Two Horizon Center, Gurugram.