HungerBox an Indian food tech startup one of the biggest companies in the country, today announced it has raised $12 million from Paytm and others.
HungerBox was founded by a consortium of Indian and worldwide financial specialists, including installments firm Paytm and NPTK, an Asian VC subsidize that puts resources into developing firms.
Existing speculators Saber Partners and Neoplux likewise partook in the round, which pushes the Bangalore-based startup’s to-date raise to $16.5 million.
During an interview with Techcrunch, “We all talk about the food delivery to consumers, but not many are looking to improve the quality of food and how it is being catered to tens of millions of employees in the country each day,” he said. “It’s a challenge that has not been addressed well.”
Annual food sales on the HungerBox platform have exceeded $100 million. 1,500 employees will use the fresh capital to fuel their expansion in 10 additional Indian cities and to markets in Southeast Asia.