Paytm Is Likely To Invest 100 Crores in Hungerbox

1. Paytm Is Likely To Invest 100 Crores in Hungerbox It goes without saying that a massive surge has been introduced in the food delivery services, by several start-ups. The Business to the business segment of food delivery and management is gaining a high prominence. Though the two major entities, Zomato and Swiggy are making their best contributions in the segment, Paytm is not planning for making an entry into the segment, post to investing in HungderBox. In accordance with the citation from the Economic Times, it can be stated that the size of the investment can be around a hundred cores from Paytm. There are chances that few of the past investors may also make immense contributions in this regard. It is known to all that Paytm is one of the leading digital platforms in India. It is going to make a major contribution of around one hundred crores, in order to fund HungerBox, the food technology startup. Kris Gopalakrishnan, the co-founder of Infosys, and Lionrock Capital are

2. also going to take participation in this round of investment for Hunger box. The previous investments for HungerBox It was in the month of July in the year of 2017 when HungerBox raised almost $4.5 million in the Series-A round which was led by Sabre partners and Neoplux. The existing investors of Hungerbox are also going to take participation in this fundraising plan. This investment signifies the entry of Paytm in the organized food technology for different institutions category. It is useful in tapping into the high-frequency B2B food ordering business. The organization has witnessed a growth of more than three times than the previous year. Thus, it also fits in the strategy of Paytm of deeply integrated play across different categories. The strategy of Paytm primarily includes the launching of PoS as well as invoicing for the merchants. In a similar manner, HungerBox made an investment in the food and beverage management solutions area from the side of the merchant. The organization is going to begin the process of the integration of HungerBox with Paytm. This corporate catering market is believed to be a profitable venture and it aids in making an amazing investment as it involves different repeat orders. Motives of Paytm behind the investment Paytm happens to be one of the lead investors in the business to business food tech firm, HungerBox. This is a Bangalore based Startup Stories India which primarily manages a wide array of corporate cafeteria operations. In addition to this, it also undertakes food safety and compliance. HungerBox is also gaining high popularity in the management of the vendor of the platform via the digital platform. The investment of Paytm in this B2B food tech Startup Business Ideas

3. happens to be a crucial one as it makes immense contributions and investment in the consumer faced food Delivery Company. Zomato is integrated on the app of Paytm and there are chances that HungerBox may also be integrated on this platform of Paytm, as the investment transaction is officially accomplished. About Hunger Box Uttam Kumar and Sandipan Mitra are the founders of HungerBox who ran the different operations of the Just Eat India during the year of 2016. This food tech organization claims that it has successfully processed more than fifty million transactions from its inception. The technology of this company is inclusive of live order tracking, pre- ordering, feedback management, digital payments, cafeteria density track. With the use of the HungerBox app, it is possible for employees to view the F&B menu, which is conferred by different food vendors at the workplace cafes. In addition to this, this app also allows customers to place the orders, track the delivery, offer feedback and ratings.