B2B-focused F&B startup HungerBox has raised $2.5 million in its pre-Series A round led by Singapore-based Lionrock Capital. The funding round also saw participation from Infosys co-founder Kris Gopalakrishnan.
Founded in early 2016, HungerBox currently has a presence in 8 cities including Bengaluru, Mumbai, Pune, Delhi NCR, Hyderabad, among others.
Promoted by GrowthStory, the startup will use the latest proceeds to expand its operations in the 8 cities it operates. Besides, the firm will also focus on its digital cafeteria management solution.
“HungerBox’s business has scaled tremendously over the last 15 months with nearly seven million orders placed on our platform till date. We are clocking more than 120,000 daily orders and expect to scale this to half a million orders per day by end-2018,” said Sandipan Mitra, CEO, and co-founder, HungerBox in a press statement.
The Bengaluru-based company essentially offers an end-to-end solution and services catering to the F&B needs of corporates. At present, the company has four products – online cafeteria, catering, food court and e-services. Employees can avail services based on the reimbursement benefits covered by their employers.
Kris Gopalakrishnan, Co-Founder, Infosys added, “There is tremendous potential for innovation in the B2B food-tech arena as corporate spends on F&B are already massive and growing year-on-year. HungerBox 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.”
HungerBox is a full stack, foodtech company that is focussed on the B2B space and operates over 100 digital cafeterias for more than 75 corporate clients, including Qualcomm, Microsoft, FirstSource, Accenture, Capgemini, Genpact, ABB, Amazon, and McKinsey among several others.