Muncher

Muncher is a food preparation and delivery service launched in February 2019. It operates in the format of dark kitchens restaurants, in which seats and waiters, and ready-made orders are transferred directly to delivery couriers. By the end of April 2021, the company has more than 250 points and four brands (Franco Cocina Honesta, "Nimi's shawarma and falafel," "About my sandwich!" And "Ice cream mui").

The founders of the project are Juan David Haramilo, Nimrod Molad and Andres Villarraga.

History

2021: Raising $7 million, including from TMT Investments

At the end of April 2021, Muncher attracted $7 million in investments. The venture capital fund TMT Investments invested the most in the startup. Copernion Capital Partner, Femsa Ventures, MGM Innova and Amador Holdings also participated in the funding round. The shares that were received by investors in Muncher following the results of the transaction are not indicated. Also, it is not reported in what amount the startup was estimated.

TMT Investments Invested in Muncher Food Preparation and Delivery Service

Muncher intends to use the funds received to strengthen its position in countries such as Mexico,,. Colombia Peru The company also plans, with the help of expansion Brazil in, to increase the number of "dark kitchens" to 800 and expand the pool of partners to 40 by the end of 2021 TAdviser , the TMT Investments fund said.

With the projected growth of restaurants in Latin America from 5 million in 2019 to 5.5 million in 2024, the dark kitchens segment, respectively, should show explosive growth from 500 units to 275 thousand. Muncher has created a wonderful fast-growing product, and we are glad to support the team in their further conquest of the market, "said co-founder and managing partner of TMT Investments Artyom Inyutin, commenting on investing in a startup.