Gujarati kitchen invention granted patents in India, US and UK
After being granted patents across India, the US and UK, On2Cook India Pvt Ltd from Gujarat has secured seed funding of over US$2 million, saying it would create new product category in the kitchen space.
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 US$12.5 million.
The round also saw the participation of NRI investor Nirbhay Gandhi.
The brand is in talks with other strategic investors to raise another Rs.3 crore as part of the round, said On2Cook India Founder and CEO Sanandan Sudhir.
“After being granted patents across India, the US and UK, our invention stands to create a new product category in the kitchen space,” he said on 9 Nov 2022.
“On2Cook works on the combination cooking technology with induction or flame acting on the food from outside and microwaves from inside.
“Engineered to disrupt the food industry, the product is designed to help both domestic as well as commercial kitchens save up to 70% on time and 50% on energy.
“Additionally, the food cooked retains water-soluble nutrients while preserving colour, texture and consistency,” he explained.
Echoing the sentiments, Shaival Desai from the Desai family office, added, “There hasn’t been a technological shift in the cooking appliances space in the post-industrial world for decades, if not centuries.
“On2Cook brings cooking into the 21st century. We are happy to join forces with Sanandan in his tryst to usher in a landmark transition in an industry, and even in the lifestyle of everyone.”
On2Cook has won several prestigious awards globally such as iF Design award, British Invention Show – Diamond Award for best International Invention and was the most celebrated Invention at CES, Las Vegas 2022.
The device has been tested with more than 100 chefs and culinary experts across the globe. Alongside ensuring faster and better quality food at a much economical price point, On2Cook makes cooking a seamless affair with app connectivity and eventually making the cognitive load negligible. fiinews.com
