Samosa party is famous for its fried samosa in 14 different varieties in Bengaluru for personal consumption, and groups and gatherings, with more than 80 % repeat customers.
It was founded by Amit Nanwani from MANIT Bhopal in 2017.
Commenting on the funding, Amit Nanwani, co-founder, Samosa Party, said
We have been running a profitable business and this funding round further strengthens my belief that good business models that can stand tall during downturns will have no shortage of funds with credible investors like IPV backing us.
Commenting on the funding, Ankur Mittal, Co-founder, Inflection Point Ventures, said
“In a post-COVID world of increasing focus on hygiene standards, startups like Samosa Party will be relevant as customers would trust hygienic and professional managed brands to serve them food with safety being the guiding force from the kitchen to table. Samosa Party continued to see business growth even during the lockdown, and we want to back such companies. IPV investors are totally behind the startup’s vision of elevating the humble Indian Samosa and taking it to the world”.
Inflection point Ventures has invested in sectors such as health technology, Ed-tech, delivery, online grocery, and social distance technology, and has helped them to scale up and eventually create a broad impact to help people manage the coronavirus situation.
According to the Samosa Party, the company will utilize to scale, and open cloud kitchens across Bengaluru and other Tier-I cities. Samosa Party said it will also use funds to improve its production technology.
Samosa Party claims to have been the go-to snack option for personal use in Bengaluru, as well as groups and parties, with over 80 % returning customers.