April 1: Box8, one of India’s largest cloud kitchen start-ups has raised $15 Mn led by eWTP Ecosystem Fund. Existing investors Mayfield and IIFL Seed Ventures fund have also participated in this round.
April 1: Led by eWTP Ecosystem Fund and also the existing investors Mayfield and IIFL Seed Ventures Fund , cloud kitchen start-up Box8 has succesfully mopped up $15 million in a bid to expand its cloud itchen network across the country.
Box8, a technology first, full stack cloud kitchen company, is known for its All-in-1 meals, Desi Boxes and more. The company owns the entire value chain, from procurement of high-quality ingredients to food preparation to the last mile delivery, hence ensuring superior customer experience every time.
With presence in 4 cities such as Mumbai, Bangalore, Pune and NCR, the company has been delivering over 1 million meals every month from more than 110 cloud kitchens. The cloud kitchens reduces the high rental and operations costs incurred by traditional restaurants and has workflows better suited for delivery, said a report.
According t reports the company is actually solving the biggest unsolved problem in food delivery, which is the preparation of food itself. Traditional restaurants simply have a different DNA: their food is all about experience and is meant to be eaten immediately. We are a delivery first company, designing our food keeping in mind that it will be in transit for another 10-15 minutes.
With the current funding, Box8 plans to rapidly scale the business geographically to 5 more cities with 100 more kitchens in the next 12 months. A round of hiring is also expected.