September 21, 2022
In a recent seed round of fundraising, Onnow, a direct-to-consumer food startup, secured a new investment from GoAhead Ventures, a notable Silicon Valley-based Venture Capital fund managing over $150M in AUM.
During the grand occasion of the Demo Day of Grameenphone Accelerator Program, Onnow celebrated this achievement with the entire Grameenphone team at GP House, which included the presence of Yasir Azman, CEO of Grameenphone and Mohsina Yasmin, Executive Member of Bangladesh Investment Development, Prime Minister’s Office. Onnow is one of the 6 startups selected for the 7th cohort of Grameenphone Accelerator Program.
Syed Tahmid Zaman Rashik, CEO of Onnow, said, “we are delighted to share the joy of raising again from Silicon Valley. We aim to strengthen our team and on-board 100 more kitchens by the end of next year. We will also focus on empowering women who are homemakers and wish to be independent by working from home. Our heartfelt thanks to the Grameenphone team for celebrating this moment with us”.
Fundamentally, Onnow is an impact-driven startup that utilizes technology, virtual menu concepts, digital branding, and training to help existing SME restaurants unleash their ‘cloud’ potential and drive additional revenues while improving the bottom lines. Previously, the startup has won global accelerator programs like Impact Collective and received investments from TheVentures (Korea), Techne Infiniti (Silicon Valley) and Blue Aura Ventures (Delaware). Onnow is also a portfolio startup of ICT Division’s iDEA Project.
With its exceptional asset-light business model, Onnow is already working hand in hand with many SME restaurants in the country and have successfully trained them to achieve the goal of generating revenue while making freshly-made food readily available to millions of eaters in the country.
About GoAhead Ventures
GoAhead Ventures, with over $150 million in AUM, a venture capital firm founded by three Stanford alumni, focuses on early-stage technology companies around the globe. They are known to invest approximately half of their capital outside of the US into the topography, including Singapore, India, Israel, South Africa, Bangladesh, and others.