Payment services provider Paytm and construction equipment maker Doosan’s Neoplux vehicle have contributed to a $12m series C round for India-based kitchen management services provider HungerBox, TechCrunch has reported.
The round included venture capital fund NPTK Emerging Asia Fund and private equity firm Sabre Partners. Paytm owner One97 Communications provided $1.8m in August this year.
HungerBox has created a software platform that helps businesses and other organisations manage their cafeterias and in-house catering, connecting them to vendors, tracking food orders and helping to monitor food safety.
Users can also access a point-of-sale system that provides detailed data. The company has more than 120 corporate customers and processes some 560,000 orders per day, it told TechCrunch.
The company received $4.5m in series A funding from Nepolux, Sabre Partners, family office Lionrock Capital and angel investor Kris Gopalakrishnan in July 2018, six months after the latter two had invested $2.5m in the company.
