Lunchbox raised $20m in Series-A round from Coatue and other investors. Credit: jairojehuel / Pixabay.

Lunchbox, an online ordering platform for restaurants, has raised $20m in Series-A round to accelerate its growth.

The round was led by Coatue, a technology investment platform. As agreed, Coatue’s Rahul Kishore and Bennett Siegel will now join Lunchbox’s board of directors.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

Celebrity chef Tom Colicchio, Behance founder Scott Belsky, HelloFresh founder Bryan Ciambella, and Planet Hollywood founder Robert Earl, as well as existing investors 645 and Primary Ventures participated in the funding round.

Founded last year, Lunchbox helps restaurants to develop ordering platforms on their own websites and apps to boost revenues.

The company plans to use the new proceeds to support its growth by investing in the development of efficient and revenue-driven solutions for the restaurant industry.

It also plans to increase its workforce and expand to new markets.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Lunchbox co-founder and CEO Nabeel Alamgir said: “Our mission is to help restaurants survive this pandemic and thrive beyond it. When we started Lunchbox 18 months ago, we wanted to help restaurants with a strong ethos and identity speak to their guests directly. That is more important now more than ever before.”

According to the company, restaurants, which are using Lunchbox platform have witnessed a 30% increase in sales on average.

Coatue managing director Rahul Kishore said: “Local businesses have been hard hit this year, but we think Lunchbox can help enable these businesses to move online, engage with their customers digitally, and build back stronger than ever.”

“Lunchbox’s software turns every restaurant into a tech company. We’re excited to partner with Lunchbox as they continue to reinvent the way restaurants reach, engage, and serve customers wherever they dine.”

Earlier this month, Lunchbox partnered with Sodexo and delivery robot start-up Kiwibot for autonomous and contactless food delivery at the University of Denver.