Indian-based food and beverage tech startup HungerBox has secured $4.5 million in a Series A round.
The round was led by Neoplux and India’s home grown private equity fund Sabre Partners and saw participation from existing investors LionRock Capital and Infosys co-founder Kris Gopalakrishnan.
Started in 2016, HungerBox is a full-fledged food tech startup that mainly caters at corporate employees by seamlessly connecting them to food vendors and cafeterias. It leverages breakthrough technologies like IOT to establish this seamless connection and also provides personalized recommendations to employees through its AI driven technology.
HungerBox clocks more than six million orders a month across over 160 digital cafeterias that it currently manages around the country for corporations, including Qualcomm, Microsoft, FirstSource, Accenture, CapGemini, Genpact, ABB, and McKinsey.
The funds raised will be deployed to support HungerBox’s rapid growth in India as well as fuel the company’s expansion into the South East Asian market.
The startup has presence in almost all metropolitan hub including Bengaluru, Chennai, Hyderabad, Mumbai, Pune, Delhi/NCR, Jaipur, and Kolkata.