ex-Zomato executive founded Ninecamp Ventures raises $2 million

Ninecamp Ventures, a firm that oversees multiple high-quality brands in the food and beverage sector, has raised $2 million in a seed funding round led by a group of angel and non-institutional investors.

The round saw participation from notable figures such as Zomato co-founders Mohit Gupta and Gaurav Gupta, Honasa co-founders Ghazal and Varun Alagh, Cars24 co-founders Vikram Chopra, Ruchit Agarwal, Mehul Agrawal, and Gajendra Jangid, and PharmEasy co-founder Dharmil Sheth.

Additional investors included comedian and actor Vir Das, musician Divine, Atul Singh (ex-chairman of Coca-Cola Asia Pacific), Utsav Somani (ex AngelList), Ritesh Kumar (managing director of DS Group), and Aaditya Mittal (founder of Punnya).

Founded by ex-Zomato executive

Founded by former Zomato executive Chaitanya Mathur, Ninecamp Ventures focuses on dining and consumer products, aiming to offer world-class services in terms of products, services, design, and ingredients. 

The firm launched its first restaurant, Marieta, in Gurugram in April last year.

Apart from Chaitanya Mathur, the leadership team at Ninecamp Ventures includes CEO Punweet Singh, who is the former co-founder of beverage company Jade Forest, and Chief Marketing Officer Sukriti Chopra. 

Expanding brand portfolio

With this round of funding, the firm plans to expand its brand portfolio, acquire prime real estate, onboard talent, and invest in research and development for innovative concepts and products.

It envisions crafting new and innovative brands with a key focus on high-quality offerings in product, service, and design.

"We truly envision that consumers in India would appreciate the kind of products we are building as a next generation of food and beverage, especially in the dining space and then largely in the sector as a whole," said Mathur.