Shark Tank-Fame World’s Fastest Cooking Device On2Cook Secures Seed Funding Over 2 Million Usd, Valuation Stands At 100 Crore

Nov 09, 2022•about 3 years ago

Round Type

seed

Ahmedabad

Description

Inventor and Entrepreneur Sanandan (Sandy) Sudhir, who created quite some ripples in Shark Tank with the world’s fastest cooking device, has declared that his startup On2Cook India Pvt Ltd has secured seed funding of over 2 Million USD. The funding round was led by angel investor Dr Mayur Desai, who infused the first tranche of Rs 16 crore for 16% equity, reaffirming the startup’s valuation at 12.5 Million USD. The round also saw the participation of NRI investor Nirbhay Gandhi. On2Cook is currently making an appearance at GulfHost 2022 at World Trade Centre in Dubai.

Company Information

Company

On2Cook

Location

Ahmedabad, Gujarat, India

About

On2Cook: World’s Fastest Cooking Device works on the revolutionary Combination Cooking Technology that simultaneously combines induction, heat, and microwaves to cook. This patented product cuts cooking time by up to 70% and reduces energy consumption by up to 40%. It also cooks healthier food by retaining water-soluble nutrients and preserving color, texture, and consistency. As a premium brand of AI based connected cooking devices, On2cook will address all gaps in the kitchen that impact the overall work efficiency, assisting - time management, recipe management, ordering of ingredients and social sharing. The Device will also facilitate Big Data & Analytics of the Buying, Cooking & Sharing Patterns of Consumers. With a Potential of reaching every Household, On2Cook envisions to Build a Healthy and Energy Conscious Smart Community!

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Shark Tank-Fame World’s Fastest Cooking Device On2Cook Secures Seed Funding Over 2 Million Usd, Valuation Stands At 100 Crore

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