Bengaluru: Paytm is leading a $15 million funding round in
HungerBox, a Bengaluru-based food-catering platform targeted at enterprises, people briefed on the matter told ET.
The company’s existing investors will also participate in the fund-raising plan, sources said. The move marks Paytm’s entry into the organised food technology for-institutions category, and will help it tap into the high-frequency B2B food-ordering business.
In July 2017, HungerBox raised $4.5 million in a Series-A round led by
Neoplux and India-focused PE fund Sabre Partners.
Singapore-based Lionrock Capital and
Infosys cofounder
Kris Gopalakrishnan also participated in the round. “HungerBox has been growing three times year on year, and it fits in with Paytm’s strategy of a deep integrated play across all categories,” said a person aware of the deal.