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HUNGRY Marketplace Swallows $2.7M Seed Round

       
ARLINGTON, VA, First mobile and online food platform that connects professional chefs with foodies in the Washington, DC area, has received $2.7 million in seed funding.
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HUNGRY Marketplace, the first mobile and online food platform that connects professional chefs with foodies in the Washington, DC area, has received $2.7 million in seed funding. The investment, led by Karam Hinduja's Timeless Capital, will allow HUNGRY to expand their reach to foodies in the greater DC area. HUNGRY has also received significant investment from co-lead and seasoned investor, Bob Hisaoka.

Mobile tech entrepreneurs, Shy and Eman Pahlevani, founded HUNGRY in early June 2016. Speaking in relation to the investment, Shy and Eman Pahlevani said:

'The investment is an enormous vote of confidence in us and our vision. We are feeding into the passion of foodies while enhancing the credentials and earning potential of chefs, and our investors, particularly Karam and Bob, can see that.'

HUNGRY provides foodies direct access to authentic cuisine via gourmet chefs. Chefs retain total control of their menus, can earn significant supplemental income and are able to build their personal brand with complete creative control. HUNGRY already has over 500 chef applicants.

Karam Hinduja - grandson of Srichand P. Hinduja, Chairman of the multi-billion dollar conglomerate, Hinduja Group - made the investment through his own investment vehicle, Timeless Capital. Timeless Capital takes a creative approach to enhancing the value of companies by bridging investment and operational experience with understanding and foresight of trends within the media sector.

Speaking in relation to his decision to invest in HUNGRY, Karam Hinduja said:

'Timeless Capital builds and invests in the next-generation of disruptive media and technology companies. Both Shy and Eman have a strong track record of developing tech-based businesses, and with Timeless backing them, they will continue to build a business that has already seen thousands of orders in just two months.'

In relation to the investment, Bob Hisaoka said, 'This is an exciting opportunity to get involved with a next-gen company that's changing the way that people eat.'

Bob Hisaoka co-led the seed investment round. Bob holds board-level positions with Sionic Mobile, Precise Target, ICMED, and is Chairman of the Board at Car Square. Bob brings significant business experience and acumen to the venture. He is also heavily involved in philanthropic activities, founding the annual the Joan Hisaoka Gala which honors his late sister to raise money for those living with cancer.
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