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Box8 Parent Eatclub Brands Raises $40 Million From Tiger Global

Dec 01, 2021almost 4 years ago

Amount Raised

$40 Million

Mumbai

Description

Mumbai: Cloud kitchen startup EatClub Brands - formerly known as BOX8 - has raised $40 million from New York-based investment firm Tiger Global.

Company Information

Company

Eat Club Brands

Location

Mumbai, Maharashtra, India

About

The company will use the funds to build its technology stack and expand to 500 kitchens in the top 15 cities over the next two years. The company, founded in 2012 by Amit Raj and Anshul Gupta, pivoted from a Mexican quick-service restaurant chain to its current model in 2014.As with other companies in the space, Box8 will also invest part of the new funds in acquiring other successful brands, a model being followed by startups like Curefoods. The startup has close to 150 employees and operates its own delivery fleet of about 1,500 riders. Mumbai-based EatClub Brands operates eight brands, including BOX8 and MOJO Pizza, and is present in five cities including Mumbai, Bengaluru and Pune.

Funding Insights

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83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech