Aiming to increase its revenue and capacity, health food company Jiyo Natural Private Limited has acquired Bangalore-based food delivery company Sangeetha Aahar for an undisclosed amount.
Jayas Damodaran , managing director at Jiyo Natural Pvt. Ltd, said, “After the acquisition, we will be delivering 2,700 meals a day and aim to reach close to 4000 in three months.”
With this, the four-year-old company, Jiyo Natural is aiming at growing its revenue by 30 percent. The company said in its press release that it will increase its capacity by 140 per cent, besides the growth in revenue. Sangeetha Aahar has also been in the business of delivering food to corporate customers for over four years now.
Founded in 2014, Jiyo Natural claims to provide nutritionally balanced chemical-free meals to consumers. The company has also received a funding by Indian Angel Network last year.
Indian Angel Network-backed Jiyo Natural, which competes with the likes of Freshmenu and Cookaroo, also revealed that they have plans to introduce ready-to-cook meals from the next quarter.