[ad_1]
HungerBox, a B2B food technology start-up based in Bengaluru, has increased its investment in the $ 4.5 million A Series. This tour was led by Neoplux, a South Korean investment company and Saber Partners. The tour also saw the participation of Kris Gopalkrishnan and Lionrock Capital, co-founder of Infosys and InfoSys.
Funds raised will be used to fuel HungerBox's growth and expansion into the Southeast Asian market. HungerBox claims to have more than six million orders per month in 160 digital cafeterias that it manages. The team's clients include Microsoft, Qualcomm, Accenture, FirstSource, ABB, McKinsey, Genpack and CapGemini.
Sandipan Mitra, co-founder and CEO of HungerBox, says the team is experiencing strong growth. He adds that the numbers have doubled in less than six months. Sandipan says orders went from 1.20,000 to 2,000,000 in less than six months.
"We are now present in nine cities. Many of our clients are multinationals and we have received numerous requests to support them." According to Sandipan, HungerBox employs 400 people throughout India and was created by Sandipan Mitra and Uttam Kumar, both at the helm of India's veterans of the food technology industry in India, whose previous activities included Just Eat HungerBox's global takeaway order service. is promoted by GrowthStory, the venture capital platform founded by K Ganesh and Meena Ganesh
. 
"The HungerBox force of their technology-driven solution, deep penetration into large corporate accounts and carefully ca liberated growth means that their business is extremely robust. We are excited to be working in partnership with this exciting company that is exploiting the potential for disruption in the business catering sector in other markets outside of India, "said Alex Noh, responsible for cross-border investments at Neoplux
. the F & B menu provided by all food vendors enlisted in their cafe, place orders and track delivery accurately. They can also provide feedbacks / comments. The HungerBox solution provides the client organization's administrative teams the ability to track the entire F & B operation, including food consumption, orders, and comments in real time. More than 50 different payment methods are integrated into the service offering, including integrated employee purchases, payment by smart cards, m wallets, self-service coffee kiosks, and more.
It is estimated that spending on F & B alone B2B space is expected to reach $ 14 billion in India in 2018, with growth of 15% per year.
"The" lightened "nature of the model and the use of HungerBox technology allows us to achieve economies of scale.We look forward to working with the HungerBox team and continue to transform the way our customers' customers grow – large companies manage their food welfare and F & B requirements, "said Rajiv Maliwal, founder and managing partner of Saber Partners.
HungerBox , which started in 2016, operates across Bengaluru, Chennai, Hyderabad, Mumbai, Pune, Delhi / NCR, Jaipur and Kolkata, and the company's technology solution enables end-to-end management of the digital cafeteria through its platform. exclusive technological form that links food suppliers to employees of customer organizations through a personalized mobile application available to each employee
its solution to seamlessly connect the hardware l seller side (designed by HungerBox) and company employees. The HungerBox solution also provides features such as personalized employee recommendations through AI technology, health mode for health-conscious employees, group ordering and restaurant orders in the surrounding area.
[ad_2]
Source link
