Incucapital pumps Rs 40 lakh in Steammo
May 28 2012, 10:54 | By SME Mentor
Incucapital is a subsidiary of Indiaco Ventures and invests in early stage start-ups.
Image: SME Mentor
Incucapital, a subsidiary of Indiaco Ventures, invested Rs 40 lakh in J&R Hospitality Management Pvt Ltd, which operates F&B chain Steammo.
Founded by Jabish and Ravisha, Steammo offers steamed quick service food through brand kiosks, which is a concept specialty food service. Product trials have been on for the last couple of months and the current funds will be used to scale up its kiosk footprint.
These kiosks will be established under different formats across food courts in different cities. Steammo plans to open around 20 outlets in the next 6 to 8 months.
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