INSUBCONTINENT EXCLUSIVE:
HungerBox, an Indian food tech startup that has courted 10 of the 11 largest companies in the country to use its services, today announced
round, a Series C, 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
$16.5 million.HungerBox offers management services to companies and institutions to improve and run their in-house cafeterias and canteens
HungerBox also enables its clients to connect with food partners through an app and get real-time updates of their order.The startup, which
also provides these firms with a point-of-sale machine, helps them get better insight into the quality of food being catered to their
employees, and enables scheduled delivery and tracking of orders to address the long queues, said Sandipan Mitra, co-founder and chief
Food delivery startups Swiggy and Zomato have started to explore this space, too, in recent quarters.HungerBox is processing 560,000 orders
each day, a figure that is growing 10% every month, claimed Mitra
aviation, education, financial services and manufacturing, he said
He declined to reveal the name of the clients, citing confidential agreements.Annual food sales on the HungerBox platform have exceeded $100
million, he said.The startup, which employs 1,500 people, will use the fresh capital to fuel its expansion in 10 additional Indian cities
and to markets in Southeast Asia, said Mitra.In a statement, Madhur Deora, president of Paytm, said HungerBox has enabled Paytm to add new
