Indian B2B food tech startup HungerBox raises $12M to fuel expansion in India and Southeast Asia
HungerBox, a Bengaluru-based full-stack B2B food and beverage technology startup that provides food solutions for corporate, has secured $12 million fresh capital infusion to grow its operations in new ten Indian cities and fuel its international expansion to Southeast Asia. The Series C round was funded by a consortium of Indian and international investors, including payments firm Paytm and NPTK, an Asian VC fund that invests in emerging firms. Existing investors Sabre Partners and Neoplux also participated in the round.
Founded in 2016 by Sandipan Mitra and Uttam Kumar, HungerBox provides an online platform that allows employees to order food and get delivery service for office and corporate events from the cafeteria. The company aims to enhance the productivity of corporate employees by providing them a technology-driven food experience that is safe and healthy. Before founding HungerBox, CEO Sandipan Sandipan built JustEat.in from scratch. He was also the co-founder of Hungryzone.com, India’s first online food ordering portal.
Since its inception in 2016, HungerBox has processed over 50 million transactions, making it India’s largest B2B food-tech company. Its solution has proven to be extremely efficient at some of the biggest corporations in India and we now work with companies in various sectors like IT/ITES, Product, Retail, Automobile, Healthcare and more. Our key clientele includes – Accenture, Capgemini, HCL, Wipro, Microsoft, Qualcomm, Microsoft, Tata Motors, ABB, BIAL, mPhasis and Lowe’s.
Commenting on the funding, HungerBox CEO and co-founder Sandipan Mitra said, “Our ambition is to become one of the biggest institutional foodtech companies. To do this, we will be deepening engagement with the corporate sector, expanding into sectors with massive scope for improving F&B management, such as education, healthcare (hospitals), and retail (malls), and expanding geographically beyond India.”
Since inception in 2015, HungerBox has raised a total of $16.5 million in funding. The company has estimated annual revenue of $39.2 million in 2018. HungerBox competitors include Box8, TinMen, and Cookifi.