Woozoe, a Bengaluru-based crowd-sourced mobile application that allows users to recommend, organise and discover the best dishes and drinks, is in the process of raising around $3 million (Rs 20.4 crore) in a pre-Series-A round of funding within the next quarter, according to founder Vikram Oswal. Launched under the name DishGram in July 2013 and rebranded as Woozoe in August 2015, the ‘social network for food’ app had raised $100,000 in a seed funding round early last year. “The mission is to use the funds to strengthen our presence in the existing markets, before making an international debut, Dubai and Singapore to begin with,†Oswal said in a statement on Wednesday. The Woozoe app, which allows visitors to recommend their favourite dish and beverage options in restaurants, specific cities and even regions, currently has on board close to 2,000 active users and food bloggers. It sees about 30 reviews on a daily basis. “Our focus is currently on bringing more visitors to our platform. We will look at the conventional method of revenue generation (in-app advertisements) in six months to a year from now,†he added.
Source: Business-StandardFood social network Woozoe looks to raise $3 million
Industry: Food and beverage 2016-02-18
