IoT Startup NutriTap Raises ₹2 Crore for Expansion

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NutriTap will use the seed money in scaling its vending machines presence to more than 500 locations in top four cities of India

Gurgaon-based startup NutriTap, which provides Internet of Things (IoT)-enabled vending machines, raised ₹2 crore in seed funding round from some well-known angel investors, including Apoorva Patni.

NutriTap seed funding round also witnessed the participation from Amazon’s Category Management Director Sameer Khetarpal, a group of partners and former alumni of global consultancy major McKinsey & Co, along with some executives from Google and Future First, the startup said in a statement.

However, the startup did not disclose the names of other investors, who participated in the funding, apart from Khetarpal and Patni.

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Speaking about the development, Rajesh Kumar, Chief Executive Officer, NutriTap, said, “We are present in more than 50 premium corporate offices in Delhi-NCR and Mumbai. The seed money will help us quickly scale our vending machines to over 500 locations in top four cities.”

Founded in 2018, the startup offers beverages and healthy snacks to corporate companies, airports, colleges, hospitals and public places through their entirely digital, IoT-enabled vending machines, that accept all types of digital payment. Over 400 stock keeping units are available at company’s machines.

Healthy snacks choice

“Employees at such corporates spend 10-12 hours every day and often fall into the trap of poor eating habits leading to obesity and other lifestyle-related diseases. More than 70 per cent of corporate employees suffer from such diseases majorly owing to the daily habitual junk snacking. NutriTap aims to provide a healthier snacking choice by making it accessible to them,” said Kumar.

Angel investor Patni said, “Corporates have to ultimately take care of their employees. The wellness program and snacking options of NutriTap help in reducing absenteeism and sick leaves as well as snacking breaks. As being within premise, NutriTap also gives easy accessibility. On the macro front, companies save a lot.”

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