The HungerBox platform receives 560,000 orders a day and is growing 10% month-on-month across 535 cafeterias
HungerBox will use the funds to expand operations in 10 cities in India and enter South-East Asi
Bengaluru: Eatgood Technologies Pvt. Ltd, the parent of corporate food catering startup HungerBox, has raised $12 million from a consortium of investors, including Paytm and NPTK Emerging Asia Fund (India).
Existing investors Sabre Partners and Neoplux also participated in the round.
HungerBox will use the funds to expand operations in 10 cities in India and enter South-East Asia as the firm gears up to handle more than a million daily orders by March 2020, it said in a statement.
Founded in 2016, HungerBox offers food and beverage management solutions across 18 cities, including Bengaluru, Chennai, Delhi, Hyderabad and Mumbai. The company employs more than 1,500 people across the country and has over 2,100 food partners.
The HungerBox platform receives 560,000 orders a day and is growing 10% month-on-month across 535 cafeterias that HungerBox operates for its clients in the IT services/technology, retail, healthcare, manufacturing, aviation, education and financial services sectors, the statement said.
HungerBox is promoted by GrowthStory, the venture builder platform founded by serial entrepreneurs K. Ganesh and Meena Ganesh. Annual food sales on the platform are over $100 million.
Last year, HungerBox raised $4.5 million from Sabre Partners, Neoplux, Lionrock Capital (Singapore) and Infosys co-founder Kris Gopalakrishnan.