SucSEED backs Amealio, a community-driven social network for food
January 2024 Amealio, has secured an undisclosed amount in fundraise from SucSEED Indovation Fund and ISF Angels, led by J.A.Chowdhary and other angels as part of its pre-Seed round.
Amealio is a hyper-local social networking platform that connects individuals through shared interests in food, entertainment, and personalized experiences. Utilizing AI, Partnership, and ONDC, the platform seamlessly matches users with city dwellers, fostering new friendships and creating unforgettable memories.
Unlike competitors, Amealio delivers happiness and fosters deep-rooted meaningful connections, positioning itself as “Connecting Neighbors, Fostering Friendships: Amealio — Your Hyper-Local Social Network for Personalized Experiences and Purposeful Community Building.”
Speaking on its investment reasons, Mr. Dhiraj Kumar Sinha, General Partner of SucSEED Indovation Fund, stated that “We are excited to invest in Amealio as it has an unique combination of corporate veterans with first hand experience in running/owning multiple restaurants across India, and USA and the people who are deeply passionate about food and Customer Satisfaction on one platform. SucSEED has always been at the forefront to support and back passionate founders and foodtech is one of its key focus areas. According to OpenPR, the foodtech market in India was valued at INR 289.36 Bn in 2019 and is expected to be valued at INR 1,868.19 Bn by 2025, growing at a CAGR of ~39% during this period.”
Shaker Dixit, the Founder and CEO of Amealio said, “In today’s hyper-connected world, feeling less connected to our local communities is a glaring paradox. We have 1000’s of followers and friends online. Our neighbors are becoming strangers. Amealio, a hyper-local social network, addresses this challenge by seamlessly connecting neighbors and city dwellers through shared passions. Powered by AI, Partnership, and ONDC, Amealio fosters new friendships, reveals hidden gems, experiences and creates unforgettable memories. He emphasizes the platform’s significance in revitalizing local communities and redefining how people connect within neighborhoods. This is how Amealio is filling in a previously existing gap”
Shaker further added, “The seed funding from SucSEED Indovation Fund and ISF Angels will propel Amealio toward realizing our vision of spreading happiness and creating meaningful connections. This infusion will enhance
our platform’s capabilities, expand our reach, and continue innovating to bring neighbors closer together. We are grateful for the support and look forward to making a significant impact on local communities.’’ Our aspiration is to take this moment across to places outside of India in the year 2025.
About SucSEED Indovation Fund — SucSEED Indovation Fund (SIF) is a SEBI regulated AIF Cat-1 Venture Capital Angel Fund with clear focus on early-stage tech seed initiative. General Partners of the Indovation Fund have 110+ years of cumulative experience within technology, fund management, and start-up ecosystem and have already invested in 65+ startups. SIF attempts to support Indian Innovation for mass needs in the following Seven (7) sectors —
EdTech
FinTech
Health-tech
Security & RegTech
EnterpriseTech SaAS
Gaming Sports & MediaTech
Digital Economy & Emerging Tech opportunities.
https://yourstory.com/2024/01/startup-news-and-updates-daily-roundup-january-11-2024