Placio acquires subscription-based food-tech startup Paco Meals, raises $50,000 seed funding for new food venture
New Delhi, July 12 (KNN) A Noida-based Student Housing Startup Placio has acquired a subscription based food Startup Paco Meals and has also raised USD 50,000 seed funding for the new venture of food business.
With this strategic move, Placio will support Paco Meals with the technology, Placio’s captive audience, B2B partners in student housing market and scale pan-India.
This acquisition of Paco Meal provides Placio with an edge of talented culinary professionals and equipped with state-of-the-art facilities to develop menus that meet a multitude of tastes and deliver food beyond expectations.
Thus, Placio now explores creating warm, friendly dining spaces with well designed menus to suit every student palate a niche/ elevated cuisine to provide creative, tasty, health-conscious and hygienic food options so that everyone has a ‘slice of home’.
Intended to transform student living with nutritious and tasty food, Rohit Pateria & Ankush Arora, Co-Founders of Placio said “With our deep understanding of the student market, we realize that nutrition & food play an important role in transformative living and learning experience.”
They said that this is a part of our vision for making students feels safe, involved and inspired. The good news is that Placio now extends this outlook to even students living in non-Placio properties.
Taking over Paco Meals will now make us realize our dreams by unrestricted provision of meals to all students in other student housing also, they added.
Paco Meals focuses on ‘3As appearance, aroma and appetite’ targeting delicious, innovative, sustainable, healthy food options.
The company ensures that the menu will not be repeated at least for 3 months & also bring the ‘taste of home’ to meals as students are invited to bring their favorite recipes from home, especially those for vegetarian and ethnic dishes.
Nitin Joshi & Parul Tusele, co-owners of Paco Meals said that Placio has given us an opportunity to provide the residents and students with hygienic and nutritious meals filled with variety and flavor at all Placio’s housing in Delhi, Greater Noida, Noida Laxmi Nagar, Indore and Lucknow.