World’s Fastest Cooking Device Famous For Shark Tanks On2Cook Secures Over $2 Million Seed Funding, Valuation Rises to 100 Crore | Company

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NEW DELHI–(BUSINESS WIRE)–Nov 9, 2022–

Inventor and entrepreneur Sanandan (Sandy) Sudhir, who created many ripples in Shark Tank with the world’s fastest cooking device, says his startup On2Cook India Pvt Ltd secured seed funding of over 2 million USD. The funding round was led by angel investor Dr Mayur Desai, who infused the first tranche of Rs 16 crore for 16% equity, reaffirming the startup’s valuation at USD 12.5 million. The round also saw the participation of NRI investor Nirbhay Gandhi. On2Cook is currently making an appearance at GulfHost 2022 at the World Trade Center in Dubai.

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(L-R) Sanandan Sudhir, CEO and founder of On2Cook, investor Shaival Desai of the Desai family office (Photo: Business Wire)

“On2Cook is working on combined cooking technology with induction or flame acting on food from the outside and microwaves from the inside. Designed to disrupt the food industry, the product is designed to help home and commercial kitchens save up to 70% time and 50% energy. In addition, cooked foods retain water-soluble nutrients while preserving color, texture, and consistency. Having obtained patents in India, USA and UK, our invention is poised to create a new product category in the kitchen space,” said Sanandan Sudhir, Founder and CEO of On2Cook India . He added that the brand is in talks with other strategic investors to raise another INR 3 crore as part of the round.

Echoing these sentiments, Shaival Desai of the Desai Family Office added, “There hasn’t been a technological shift in the cooking appliance space in the post-industrial world for decades, if not centuries. On2Cook brings cooking into the 21st century. We are happy to join Sanandan in his appointment to usher in a historic transition in an industry, and indeed in everyone’s way of life.

On2Cook has won several prestigious awards around the world, such as iF Design Award, British Invention Show – Diamond Award for Best International Invention and was the most famous invention at CES, Las Vegas 2022. The device was tested with over 100 chefs and culinary experts across the globe. It can be used to cook everything from fries to chicken to a cake with the sweetest base. Besides ensuring faster and better quality food at a much more economical price, On2Cook makes cooking a seamless affair with app connectivity and ultimately makes cognitive load negligible.

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CONTACT: Sanandan (Sandy) Sudhir

On2Cook India Pvt Ltd.

[email protected]

KEYWORD: INDIA UNITED ARAB EMIRATES MIDDLE EAST ASIA PACIFIC

INDUSTRY KEYWORD: TECHNOLOGY TV & RADIO PROFESSIONAL SERVICES HOME PRODUCTS RESTAURANT/BAR ACCOMMODATION ENTERTAINMENT TRAVEL APPLICATIONS/SPECIALIZED APPLICATIONS

SOURCE: On2Cook

Copyright BusinessWire 2022.

PUBLISHED: 09/11/2022 06:05 AM/DISC: 09/11/2022 06:06 AM

http://www.businesswire.com/news/home/20221109005461/en

Copyright BusinessWire 2022.

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