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Sep, 06 2018

Naspers is planning to invest $15 million in HungerBox

South African media giant Naspers is planning to invest $12-15 million in HungerBox.

South African media giant Naspers is planning to invest $12-15 million in HungerBox, a tech-enabled corporate catering startup. Naspers is the largest shareholder in food-delivery firm Swiggy.

Founded by Sandipan Mitra, HungerBox provides technology solutions to digitise and manage corporate cafeteria operations, undertake food safety and compliance, and curate vendors on its platform. 

The Sabre Partners and Lionrock Capital-backed firm records over 200,000 orders per day. Having over 70 clients, the firm is presently operating in 10 cities including Mumbai, Delhi-NCR, and Bengaluru.

HungerBox is expecting over 350,000 daily orders at the end of 2018. In August, the company crossed Rs 250 crore in annualised revenue.

Mitra said, “We have identified the top 11 Indian corporate firms (across IT, ITeS, BPO, KPOs, etc) with a workforce of over 100,000 and in the next 6 months, all of them will be on Hungerbox’s platform.” 

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