Food and beverage management platform HungerBox has raised a $12 million Series C round to expand its digital cafeteria solution in Asia (hat tip to The Economic Times). The round includes investments from payments firm Paytm, Asian VC fund NPTK, and existing investors Sabre Partners and Neoplux. This brings HungerBox’s total funding to $16.5 million.
Based in Bengaluru, India, HungerBox offers companies a B2B tech platform aimed at improving the user experience and operations of their campus cafeterias. The service, founded in 2015, directly addresses long lines and inefficient operations associated with corporate cafeterias.
B2B platform is aimed at making the cafeteria experience on corporate campuses for both employees buying food and facilities teams running the operations better. Using the HungerBox app, employees can browse menus for each vendor in the cafeteria, set food and dietary preferences, order and pay for meals, and track delivery. They can also leave ratings for each vendor.
On the operations side, the HungerBox platform helps cafeterias find food vendors, audits those vendors for food safety compliance, and gives facilities managers real-time analytics into vendor performance and cafeteria operations.
HungerBox currently claims more than 120 corporate clients across 14 cities in India, and processes 560,000 orders each day. The company will use the new funding to expand to 10 new Indian cities as well as locations across Southeast Asia.
HungerBox co-founder Sandipan Mitra told the Economic Times that the company also plans to expand to schools, colleges, and even food courts in shopping malls. HungerBox is also aiming to reach 1 million orders a day by the first half of 2020.
