Paytm, others may put $15 million in HungerBox

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.