your password has been reset successfully, Please login again.

Corporate catering platform HungerBox secures $2.5 million funding

Food-tech startup HungerBox secures $2.5 million funding in pre-series A round led by Lionrock capital and Kris Gopalakrishnan.
BY BEx Bureau
Jan 22, 2018

The Indian food-tech market is poised to grow at a CAGR of more than 12 per cent during 2016-2021, according to Techsci Research. In this market, the recent development is that a Bengaluru-based B2B food-tech based startup HungerBox has raised $2.5 million funding in a pre-series A funding round led by Singapore-based a family investment office Lionrock Capital and Kris Gopalakrishnan, founder of AxilorVentures as well as co-founder of Infosys.

"The B2B food space has plenty of headroom for growth and innovation for years to come. HungerBox certainly has all the credentials to be a leader in this space," said Hari Kumar, founder and CEO, Lionrock Capital.

Gopalakrishnan said, "The startup addresses this large space with an easily scalable model and an end-to-end solution that provides a win-win to employees as well as to corporate clients."

In 2016, the startup is promoted by GrowthStory which was founded by K Ganesh and Meena Ganesh. The startup uses technology to improve the efficiency of corporate employees by offering them a best in class corporate food experience. The company claims to have over 100 clients including Microsoft, Accenture, Capgemini, Genpact, Amazon, McKinsey and other big players. It is currently operational in Bengaluru, Mumbai, Delhi-NCR, Hyderabad, Pune, Jaipur and Chennai.

Sandipan Mitra, CEO and co-founder of HungerBox said, "The raised funding will enhance our ability to scale our operations to keep pace with the traction we are seeing for our digital cafeteria management solution."

He added that in the past 15 months the startup gets more than 1,20,000 orders in a day and are planning to raise these numbers to half a million per day by the end of this year.

Please add your Comment
January 22, 2019
China expects a slowdown in the FY-2019; trade war and decreasing demand need to be blamed. ...More
By Jaspreet Kaur
January 22, 2019
USB Q4 pre-tax profit leaps down by $1.038 billion; the bank envisions a slowdown in the further cou ...More
By Jaspreet Kaur
January 16, 2019
Commerce and Industry Ministry has exempted taxes on startups, who actively looking for angel invest ...More
By Jaspreet Kaur
November 20, 2018
Through this investment, BillDesk will develop new product lines for its payments and loyalty busine ...More
By Vaishnavi Gupta
November 13, 2018
The investment is made by the firm to boost its capabilities to deliver tech solutions that will hel ...More
By Vaishnavi Gupta
November 01, 2018
The fresh funds will be used by Turms to expand its product categories, hire tech talent and launch ...More
By Vaishnavi Gupta
October 31, 2018
The funds raised will be used by Duroflex to expand to new markets across India. ...More
By Vaishnavi Gupta
October 09, 2018
The company is expecting that the AP unit will help it to strengthen its presence in the highly comp ...More
By Vaishnavi Gupta
September 22, 2018
The startup is planning to use the funds to primarily expand operations. ...More
By Vaishnavi Gupta
September 18, 2018
UberEats has tied-up with Tata AIG for offering comprehensive insurance covers to its delivery execu ...More
By Vaishnavi Gupta
September 13, 2018
The raised funds will be used to build the brand, expand distribution, and increase product offering ...More
By Vaishnavi Gupta
September 07, 2018
New funds enable GreyOrange to accelerate the fulfillment of its vision to develop the next generati ...More
By Vaishnavi Gupta