Corporate Food Ordering Platform Hungerbox Raises Money From Paytm


Hungerbox, the Bangalore based food tech startup which delivers food to the corporates has confirmed securing INR 15.99 crore as part of Series C financing led by One 97 Communications, the parent company of payment solution firm Paytm and Sabre Partners Trust.

As per the reports, South Korea’s Neoplux, as well as Singapore’s LionRock Capital, also participated in the round but it is not yet confirmed. Prior to this round, the firm has secured $4.5 million round in July last year when Sabre Partners and Neoplux had infused the sum. The current infusion takes the total amount secured by the firm to $9.2 million.

As per the latest update by the firm to the Ministry of Corporate Affairs, the firm will be raising INR 57.99 Cr ($8.1 Mn) as part of the round of which it is already received INR 15.99 Cr ($2.23 Mn).

The company was founded by Sandipan Mitra in 2015. The other backers of the firm include Infosys Co-founder Kris Gopalkrishnan and LionRock Capital. The firm is working on revolutionizing the corporate cafeterias and food courts. Through the mobile app, the company offers solutions like pre-ordering, live order tracking, digital payments, feedback management, and cafeteria density track.

Microsoft, Qualcomm, Accenture, FirstSource, ABB, McKinsey, Genpact, and CapGemini are few of the top names Hungerbox is serving right now. With the likes of Swiggy and Zomato trying to venture in the domain, the current fundraising will help Hungerbox go ahead. Swiggy has already ventured with Swiggy Cafe to digitize the corporate cafeterias.


Image Courtesy : TheSiliconReview

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