On2cook - the fastest cooking device on the planet!
on2cook.com- fastest cooking device on the planet, 3 times faster than any other cooking method - automated and will disrupt the cooking industry.. both in B to B and D to C.
please see the link above..for the detailed problem statement and what we solve for.
I hope this email finds you well. My name is Sanandan (Sandy) Sudhir, and I am the founder of On2cook -World’s fastest cooking device established with a vision to disrupt the Cooking Industry.
At present, our primary operations are based out of India. However, we have plans to relocate our headquarters to the United States following the successful completion of our Series A funding round. We have identified Texas as a suitable location for this transition and hence, I am reaching out to you regarding our current requirement for bridge funding. Interestingly, Nirbhay Gandhi, one of our investors, is from Dallas, Texas and will have a crucial role in our organization when we start selling in the US.
The way we cook has not changed over the last 70 years since the invention of the microwave oven. On2cook is here to change that – for ever.
On2Cook is based on our (9 patents granted in USA, UK and India) Revolutionary Combination Cooking Technology (induction + microwaves). With the potential of reaching every kitchen- commercial or residential, On2cook is destined to create a new product category in the kitchen, that is more sustainable and will make many products and categories in the kitchen obsolete.
Salient features about the Tech & Product:
· This innovative cooking device can significantly reduce cooking time by up to 70% compared to traditional methods. It allows for frozen food to be ready on the plate in just 4 minutes, without the need for thawing. Additionally, it promotes healthier cooking by preserving maximum nutritional value, color, texture, and structure of the food.
· In deep frying, it reduces oil absorption by up to 40% and minimizes oil wastage by 80%. Simultaneous microwaves do the magic – the deep fried products are crispier than normally fried items! This semi-automated device can be integrated with point-of-sale systems and features built-in recipes that streamline workflow and minimize errors.
· On2cook offers substantial cost savings with up to a 70% reduction in infrastructure costs as it is capable of replacing up to six devices in a commercial kitchen, including a fryer, chiller for thawing, baking oven, griller, steamer, microwave, and induction cooker. Its smaller footprint includes a tray (makes it portable inside the kitchen) that helps maintain cleanliness and hygiene in the kitchen. We have an integrated suction pump as well– ideal for places like airports, where an exhaust installation is not a possibility.
· The device is IoT-enabled with automated recipes and the ability to customize an unlimited number of recipes. It also supports over-the-air updates for easy upgrades. The development team is currently working on AI-based recipe optimization for further enhancements.
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Key highlights about our Start Up’s journey so far:
· Proof of concept done and tested, and most teething issues resolved over the last 1 year.
· Strong & experienced Core team.
· Additional multiple patents filed in four families -showcasing a robust IP portfolio and strategy.
· Deployed & present in 25+ Food brands with a robust pipeline of leads and order book.
· Capex completed, robust inhouse assembly line with absolute focus on quality and reliability.
· Initially accelerated by the likes of Brinc (Hong Kong) & Artesian (Australia). Additionally, the current seed round was led by a Family office from India
· Awarded the prestigious iF Design Award (2021), Diamond Award for the best International Invention at the British Invention Show 2021, New Innovations in Consumer electronics (NICE) Award at CES 2022.
· Also Awarded the Best Emerging Food Tech 2023 and Showcased in Shark Tank India Season 1 (India).
· Listed Amongst the top 200 Start Ups on the DGEMS Forbes List of Companies with Global potential.
· Currently focussed on B2B segment (Cloud kitchens, Restaurants, Resorts & Live Counters, QSR’s and Enterprise Customers) with the eventual target as B to C – globally.
Long term Intent:
· Presence in 10 countries in 3 year and 100 countries over the next 10 years.
· Create a 10 percent market share in the kitchen both (B to B and B to C) space over the next 10 years.
· Establish a portfolio of products – to become a leading technology brand in the cooking industry.
· Help organizations (QSRs, Cloud Kitchens, HoReCa segment) achieve their sustainability targets by 2030, with On2cook adoption.
I would love an opportunity to explore if our product offering aligns with your investment interests. We are currently looking for a bridge of 2 Mn USD before we raise our next round 8-12 months from now (We have raised 3 Mn USD till date at a valuation of 12 Mn).
Could we schedule a brief call or meeting at your earliest convenience to discuss On2cook’s vision and a potential collaboration?
