Cloud Kitchens startup Box8 raises $15 mn in series C round led by eWTP Ecosystem

Cloud Kitchens startup Box8 raises $15 mn in series C round led by eWTP Ecosystem

Box8, one of India’s largest cloud kitchen startups has raised $15 million led by eWTP Ecosystem Fund. Existing investors Mayfield and IIFL Seed Ventures fund have also participated in this round.

Started by two IIT graduates Amit Raj and Anshul Gupta, Box8 is a technology first, full stack cloud kitchen company

ALSO READ: Drake invests in an esports startup called Players’ Lounge

Box8 has a presence in 4 cities: Mumbai, Bangalore, Pune and NCR delivering over 1 million meals every month from the company-owned 110+ cloud kitchens. Its network of cloud kitchens negates the high rental & operations costs incurred by traditional restaurants and has workflows better suited for delivery.

Box8’s parent company, Poncho Hospitality Pvt. Ltd. also owns and operates the pizza delivery brand- MOJO Pizza. In less than 18 months since its inception, MOJO Pizza has grown to be the largest home-grown Pizza delivery chain delivering over 3 lakh pizzas a month.

eWTP Ecosystem Fund is headed by Mr. Youngfu Yu, a founding member of the popular Chinese web browser company UCWeb. He later became a key leader in the Alibaba ecosystem: heading multiple businesses, including Autonavi, Alimama, and Alibaba Entertainment Group.

With this additional funding, they plan to rapidly scale the business geographically to 5 more cities with 100 more kitchens in the next 12 months. They are planning to aggressively acquire talent & invest deeper in technology.

Click here for Latest News updates and viral videos on our AI-powered smart news genie

LEAVE A REPLY

Please enter your comment!
Please enter your name here