FoodyBuddy turns profitable in FY23 Foodtech platform FoodyBuddy achieved a remarkable 17X revenue increase in FY23, reaching Rs 1.69 crore, up from Rs 9.74 lakh in FY22. Founded in 2015, the Bangalore-based platform connects home chefs with local consumers. It has raised Rs 20.50 crore across five funding rounds, with the latest in December 2020 led by Rebel Foods. Competing with Innerchef and Cookr, FoodyBuddy is valued at Rs 31 crore, with significant stakes held by Rebel Foods and Prime Venture Partners. The company cut expenses from over Rs 4 crore in FY22 to Rs 13 lakh in FY23 and became profitable, recording Rs 1.56 crore in profit after a loss in the previous year. #FoodyBuddy #FoodTech #StartupSuccess #RevenueGrowth #FundingRounds #Entrepreneurship #InnovativeBusiness #HomeChefs #TheKredible #Startup #News #IndianStartup https://thekredible.com/blogs/foodybuddy-turns-profitable-in-fy23

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