Food tech brand Charcoal Eats has raised Rs 1 crore in growth capital from revenue-based financing leader GetVantage, and will use the funds to expand its menu and spend on marketing in the next few months.
Launched in 2015, Charcoal Eats is a quick service restaurant (QSR) startup that claims to have served over 2 million orders since its inception. In November last year, the company had announced Rs 16 crore in funding.
“GetVantage truly understands the needs of high-growth phase businesses, their capital requirements and most importantly the need for speed in execution,” Krisnakant Thakur, cofounder, Charcoal Eats said.
