NEW DELHI--(BUSINESS WIRE)--Nov 9, 2022--
Inventor and Entrepreneur Sanandan (Sandy) Sudhir, who created rather immoderate ripples successful Shark Tank with the world’s fastest cooking device, has declared that his startup On2Cook India Pvt Ltd has secured effect backing of implicit 2 Million USD. The backing circular was led by angel capitalist Dr Mayur Desai, who infused the archetypal tranche of Rs 16 crore for 16% equity, reaffirming the startup’s valuation astatine 12.5 Million USD. The circular besides saw the information of NRI capitalist Nirbhay Gandhi. On2Cook is presently making an quality astatine GulfHost 2022 astatine World Trade Centre successful Dubai.
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(L-R) Sanandan Sudhir, CEO & Founder On2Cook, Investor Shaival Desai from Desai household bureau (Photo: Business Wire)
“On2Cook works connected the operation cooking exertion with induction oregon occurrence acting connected the nutrient from extracurricular and microwaves from inside. Engineered to disrupt the nutrient industry, the merchandise is designed to assistance some home arsenic good arsenic commercialized kitchens prevention up to 70% connected clip and 50% connected energy. Additionally, the nutrient cooked retains water-soluble nutrients portion preserving colour, texture and consistency. After being granted patents crossed India, US and UK, our invention stands to make a caller merchandise class successful the room space,” said On2Cook India Founder and CEO Sanandan Sudhir. He added that the marque is successful talks with different strategical investors to rise different INR 3 crore arsenic portion of the round.
Echoing the sentiments, Shaival Desai from the Desai household bureau added, “There hasn't been a technological displacement successful the cooking appliances abstraction successful the post-industrial satellite for decades, if not centuries. On2Cook brings cooking into the 21st century. We are blessed to articulation forces with Sanandan successful his tryst to usher successful a landmark modulation successful an industry, and adjacent successful the manner of everyone.”
On2Cook has won respective prestigious awards globally specified arsenic iF Design award, British Invention Show - Diamond Award for champion International Invention and was the astir celebrated Invention astatine CES, Las Vegas 2022. The instrumentality has been tested with much than 100 chefs and culinary experts crossed the globe. It tin beryllium utilized to navigator everything from gallic fries, chickenhearted to a barroom with the softest base. Alongside ensuring faster and amended prime nutrient astatine a overmuch economical terms point, On2Cook makes cooking a seamless matter with app connectivity and yet making the cognitive load negligible.
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CONTACT: Sanandan (Sandy) Sudhir
On2Cook India Pvt Ltd.
KEYWORD: INDIA UNITED ARAB EMIRATES MIDDLE EAST ASIA PACIFIC
INDUSTRY KEYWORD: TV AND RADIO TECHNOLOGY PROFESSIONAL SERVICES HOME GOODS RESTAURANT/BAR LODGING ENTERTAINMENT TRAVEL SPECIALTY APPS/APPLICATIONS FOOD/BEVERAGE BUSINESS RETAIL FOOD TECH FINANCE VENTURE CAPITAL CONSUMER ELECTRONICS
SOURCE: On2Cook
Copyright Business Wire 2022.
PUB: 11/09/2022 06:05 AM/DISC: 11/09/2022 06:06 AM
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