Box8 raises Rs 20 Crore in Series C round
Mumbai: Full-stack food tech platform Box8 has raised Rs 20 crore in a fresh tranche of Series C round. The fresh infusion in the company has come after 10 months. Last April, it raised Rs 30 crore from IIFL Seed Ventures Fund and Mayfield Fund in a mixed round of equity and debt.
Amgele Family Trust has also participated in the latest tranche with an investment of Rs 4 crore. Box8 is the first full-stack food tech platform to raise capital in 2021. The Mumbai-based firm’s business was hit due to the Covid-19 pandemic between April and November 2020.
Since Box8’s core business had faced disruption, the company added grocery, bakery, and fresh meat verticals in April last year. Box8 was one of the three dozen companies that entered the grocery and essentials delivery segment last year.
