India-based Cloud kitchen start-up Box8 has secured $15m in funding from an investor group led by eWTP Ecosystem Fund to expand business across the country.
Other participants in the funding round include investors Mayfield and IIFL Seed Ventures fund.
The company will use the extra funding to expand to five more cities with plans for 100 more kitchens in the next 12 months. It also plans to hire new talent and invest further in technology.
Box8 co-founder Amit Raj said: “We are 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 ten to 15 minutes. Our in-house fleet delivers 100% of our orders, this gives us even greater control over the food quality.”
Box8 co-founder Anshul Gupta said: “Restaurants are still lagging in technology adoption. Even the biggest brands run on archaic systems with human dependent inventions. We have built our proprietary technology platform grounds up, which forms the backbone of our seamless operations.
“After all, we are solving two big problems: on-demand preparation of high-quality food and delivering it piping hot within 25 minutes. To keep doing this at scale, we would double down on tech.”
Owned by Poncho Hospitality, Box8 is a full stack Cloud kitchen company that offers All-in-1 meals, Desi Boxes and more.
The firm is currently offering its services in four cities including Mumbai, Bangalore, Pune and National Capital Region (NCR). It delivers more than one million meals every month from its over 110 Cloud kitchens.
Poncho Hospitality owns and operates pizza delivery brand MOJO Pizza, which currently delivers more than three lakh pizzas every month.
MOJO Pizza leverages Box8’s existing delivery fleet, technology platform and 110 Cloud kitchens to offer its services.