Red Basil Technologies
Tech-driven and zero-inventory marketplace for wholesale food supply for restaurants and cloud kitchens.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor investor | €0.0 | round |
| investor investor investor | €0.0 | round | |
* | N/A | Seed | |
| Total Funding | 000k | ||
| USD | 2022 | 2023 |
|---|---|---|
| Revenues | 0000 | 0000 |
| % growth | - | 174 % |
| EBITDA | 0000 | 0000 |
| Profit | 0000 | 0000 |
| EV | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 |
Source: Dealroom estimates
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Redbasil is a startup that operates a digital marketplace designed to streamline the wholesale food supply chain in India. The company serves a variety of clients, including chefs, independent restaurant owners, and wholesale traders. Redbasil's platform allows these clients to discover, connect, and transact with top-quality food suppliers in their area, thereby addressing the fragmented nature of the food supply ecosystem.
The market Redbasil operates in is the B2B (business-to-business) food supply sector, which includes fresh produce, dairy, and butchery categories. This market is characterized by a high demand for quality and timely delivery, areas where many existing suppliers fall short. Redbasil aims to fill this gap by offering a rich catalog of over 10,000 products that are organized and easily searchable.
Redbasil's business model revolves around creating a digital storefront for food suppliers, enabling them to grow their business by reaching a broader audience. The platform not only lists these suppliers but also facilitates transactions, making it easier for restaurants and other food service businesses to manage their enquiries, leads, and contracts all in one place.
The company makes money by charging suppliers for listing their products on the platform and possibly taking a commission on transactions made through the site. This model ensures that suppliers have an incentive to maintain high-quality standards and reliable delivery times, as their business growth is directly tied to their performance on the platform.
In summary, Redbasil is transforming the food supply chain in India by providing a reliable, efficient, and user-friendly digital marketplace. The company leverages the expertise of its founding team in operations, sales, technology, and design to meet the specific needs of commercial kitchen operations.
Keywords: B2B marketplace, food suppliers, digital storefront, restaurant supply, fresh produce, dairy, butchery, quality delivery, India, wholesale food.