Food tech Startup Box8 raised Rs 21 cr [$3.5 mn] in series A funding from early-to-growth-stage venture capital firm Mayfield Fund. Box8 was started to be the go to option for anyone wanting to order great tasting food. Food tech has seen the mushrooming of over 300 startups and the total investment in the space in 2015, till date, stood at $73 million, exceeding 2014's $67 million, underlining the growing opportunities in the space.
Angel Round: Rs.90 lakhs
Series A: Rs.21 Crore May 2015
Delivery units: 22
Transactions per day: 2000
Target Customer: 20-45 yrs age group
Outlet Sizes: 200 -350 sft
Call Center: Receives 2200 calls a day
How Box8 wants to use these new Series A funds?
Build technology across mobile and web platforms.
Expand its team and work towards deeper market penetration.
Why did the Investors showed interest to invest in Box8?
Box8 is one of the most exciting and innovative start-ups we have come across.
Box8 is a India’s fastest growing on-demand food delivery company. Started on 3 pillars of taste, tech and logistics define their goal to ensure a delightful end-to-end experience every single time. Founded by IIT graduates, they have revolutionized the way Indian food is consumed keeping one simple thing in mind "we make our food; we would only serve food, that we enjoy eating". Believing in product innovation, we have designed the All-in-One meal box, which is a fulfilling new-age Indian meal, convenient to eat anytime, anywhere. We have given an Indian twist to Wraps & Sandwiches and, have retained the core Indian flavours in Curries. With an equal emphasis on technology and delivery along with food, we make ordering food a first-class experience. Anyone can order a meal in seconds on our mobile apps, and our integrated delivery management system will guarantee piping hot food time after time.
Anshul Gupta Co-Founder
Amit Raj Co-Founder
Indian Angel Network
DHIRAJ C RAJARAM