[Funding alert] Foodtech startup Box8 raises Rs 12 Cr from Trifecta Capital

(Edited by Su Man Singh)
[Funding Warn ] Food Tech start-up Box8 increases $6.2 million in Series C around

Poncho Hospitality Pvt. Ltd., the parent firm of Food Tech start-up Box8 has increased Rs 12 crore personal debt by debentures in Trifecta richesse in several equal tranches -- at August, October, and December.

Back in April 2019,'' One97 Communications Ltd., the father or mother of electronic payments leading Paytm,'d spent near R S 47.12 crore (roughly $6.59 million) at EatGood technology  Pvt. Ltd., the parent firm of Bengaluru-based company food catering company start-up, Hungerbox, like part of its Series C round.

As reported by your RedSeer account, the Indian on-line food shipping market place is anticipated to attain $4 billion billion in 2020 from $0.3 billion in 20-16, developing at a CAGR of ninety percentage .  In 20-19, India's Food Tech business had seen a few intriguing investment prices.

Launched by IIT alumni Amit Raj and also Anshul Gupta, the business prepares and offers food and snacks with its transportation fleet.  It asserts to function within a thousand food monthly over its 1 10 + retailers at Mumbai, Pune, Bengaluru, and Gurugram.
Box8, that has been started since Poncho at 2011, commenced having a QuickService restaurant arrangement by simply serving Mexican meals.  After in 2014, it hastens into the present identify and expanded its own menu.
Back in September this calendar year, Gurugram-headquartered Ketofy experienced raised $250,000 like part of its own pre-Series An financing.

In-may 20 17, the business had increased Rs crore in partnership debt out of Trifecta richesse.  Before, in Oct 20-16 it had increased R S 50 crore at a Series B round in IIFL Seed Ventures and Mayfield.

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