Paytm is main a $15 million investment round in HungerBox, a Bengaluru-based meals catering platform focused at establishments, humans briefed on the problem informed ET.
The organization’s current buyers will also participate inside the fundraising plan, assets said. The circulate marks Paytm’s entry into the organized meals technology for establishments category and could help it faucet into the high frequency B2B meals ordering enterprise.
In July 2017, HungerBox raised $four.Five million in a Series A spherical led by Neoplux and India-centered non-public equity fund Sabre Partners.
Singapore-based totally Lionrock Capital and Infosys co-founder Kris Gopalakrishnan additionally participated inside the round.
“HungerBox has been growing three times year-on-12 months, and it fits in with Paytm’s method of a deep incorporated play across all categories,” stated a person aware of the deal.
Paytm’s O2O approach entails launching PoS and invoicing for merchants. Similarly, the HungerBox investment is access into the food and beverage control solutions enterprise from the service provider’s side, he said.
The employer will quickly start the procedure of integrating HungerBox with Paytm.
When contacted, Paytm and HungerBox declined to comment.
The organized corporate catering market is a high-frequency commercial enterprise, making it an attractive investment as it includes repeat orders.
Last 12 months, Zomato obtained TongueStun Food, a Bengaluru-based totally startup that aggregates caterers and restaurants for office canteens for a predicted $18 million in a coins-and-inventory deal.
Swiggy, too, began a pilot with its enterprise-to-enterprise meals-aggregation presenting referred to as Swiggy Food Court to digitize company cafeterias but shelved the venture soon after.
HungerBox turned into based via Sandipan Mitra and Uttam Kumar, who ran the operations of Just Eat India, in 2016.
The enterprise claims it has processed over 50 million transactions given that inception.
Its era includes pre-ordering, live order monitoring, digital bills, remarks management, and cafeteria density monitoring.
Using the HungerBox app, employees can view the F&B menu furnished with the aid of all enlisted meals carriers at their place of job cafés, region orders, and track delivery, and also provide ratings and comments. The business enterprise’s company clients include Qualcomm, Microsoft, Accenture, and McKinsey.
A Catering commercial enterprise is like any other commercial enterprise, in that like each other business there needs to be a small percent for error. Even although it looks like caterers perform miracles, they are no longer, in truth, miracle people. And just as your electricity is going off from time to time, or you don’t get very good mobile cellphone reception in positive areas or the grocery store is from your preferred food object; catering organizations can come upon troubles in case you do not comply with all of the appropriate steps, albeit a small percentage of that happening.
The chances are that your catering employer encountered ten or greater problems over the last characteristic which you attended, however, they were both attainable and small sufficient, plus the catering enterprise had been professional enough that it did now not show on the outdoor.
There is a vintage announcing which says “a caterer is a sort of a duck, easy and graceful at the surface, however paddling like loopy under”.
In this text, there are four of the maximum important pieces of data which you should be requested to provide which would help within the eventuality that something may crop up that your catering business enterprise would not recognize approximately.
1. You have to give your caterer a minimum of three specific contact numbers.
If it is six or three hundred and sixty-five days out-out of your wedding ceremony and you’ve locked in a caterer and contracts had been signed, it is difficult to look beforehand and to recognize precisely what will take place at the day. If something takes place, as an instance; the chef gets misplaced or concerned in a site visitors accident, the caterer will need which will contact someone. They will not need to be phoning the bride, groom, all through the service and add a memory that must no longer be there.