24 October 2016, India :
Food technology startup Box8 has raised $7.5 million in a Series B funding round led by IIFL Seed Ventures Fund, a unit of IIFL Holdings Ltd, and existing investor Mayfield Fund, said two people aware of the development.
Box8 started as a small outlet in a corporate cafeteria, has now grown to 50+ outlets spread across Mumbai, Pune & Bangalore delivering 10000+ orders every day, making us the fastest growing food start up in the country.
“With this round, we intend to go deeper into the cities where we are present and start operations in Delhi, Chennai and Hyderabad in the next 12 months. Apart from geographical expansion, we want to invest in technology. We want to drive more automation and personalization,” Gupta said.
“We do about 12,000 meals every day. An order would comprise 2-2.5 meals on an average and an average basket value would be north of Rs400,” Gupta added.
With an equal emphasis on technology and delivery, along with food, It makes ordering food a first class experience. Source- Livemint
