HungerBox, a full-stack B2B food and beverage technology company, has raised $12 million in its Series C round funding. The investors include Paytm and NPTK. Existing investors Sabre Partners and Neoplux also participated in the funding round. The company was founded by Sandipan Mitra and Uttam Kumar in 2015.
Earlier, HungerBox raised $4.5 million as a part of its Series A round led by India-focused PE fund Sabre Partners and South Korea-based investment firm Neoplux.
The company will utilise these funds to expand its operations in 10 new Indian cities and fuel international expansion to Southeast Asia.
In a media statement, Sandipan Mitra, CEO and Co-Founder, HungerBox, said, “Our ambition is to become one of the biggest institutional foodtech companies. To do this, we will be deepening engagement with the corporate sector, expanding into sectors with massive scope for improving F&B management, such as education, healthcare (hospitals), and retail (malls), and expanding geographically beyond India.”
HungerBox has served about 100,000,000 no. of meals across 14 Cities and 120+ corporate clients. They have 4,50,000+ daily transactions.
