Paytm parent backs B2B food business HungerBox
Bengaluru-based cafeteria services and vendor management platform HungerBox, owned by Eatgood Technologies, has raised Rs 15.99 crore from One97 Communications, the parent entity of digital wallet Paytm and existing investor Sabre Partners Trust, according to documents filed with the Registrar of Companies.
The funding is part of an on-going Series C round where it plans to raise Rs 57.99 crore from the two investors in tranches. The total investment by One97 will be Rs 47.12 crore while it will be Rs 10.86 crore from Sabre.
The founders declined to comment on specific questions about the funding round.
HungerBox was founded in 2016 by Sandipan Mitra, who was also the founder of JustEat, and Uttam Kumar, sales manager at JustEat.
HungerBox provides technology stack to manage cafeteria services for corporates as well as a vendor network. It allows employees to order food and pay for cafeteria food online, integrating multiple vendors present in a cafeteria.
The company also provides F&B menu of enlisted vendors and personalised recommendations for users. It works with corporates like Qualcomm, Microsoft and Accenture.
HungerBox had last raised Rs 31 crore from South Korean investment firm Neoplux and Sabre Partners in July 2018 to expand its presence in the global markets.
The company, which is promoted by GrowthStory, is backed by Singapore headquartered Lionrock Capital and Infosys co-founder Kris Gopalakrishnan.
Similar deals in the segment:
- Yournest backed digital cafeteria solutions provider SmartQ raised Rs 6.5 crore from a consortium of investors in March 2018.
- Swiggy had indicated it will be getting into the cafeteria management business late last year and was piloting a service called Swiggy Cafe for its B2B business.