Mumbai-based foodtech startup Box8 on Thursday completed its INR 12 crore debt fundraise from Trifecta Capital via debentures of three equal tranches, the first one in August, second in October and the last one in December.
This is the second time that the company raised debt funding from Trifecta, the previous one was of INR 7 crore in May 2017.
Box8 raised $6.2 million back in March in a Series C round from ReDefine Capital and another $15 million in a Series C round led by Ewtp Ecosystem Fund along with IIFL Seed Ventures Fund, Mayfield Ventures, Indian Angel Network and a few others.
Founded by IIT alumni Amit Raj and Anshul Gupta, the company prepares and delivers meals and snacks using its delivery fleet. It claims to serve over one million meals every month across its 110+ outlets in Mumbai, Pune, Bengaluru, and Gurugram.
Box8 was launched as Poncho in 2011 as a quick-service restaurant serving Mexican food. In 2014, it was rebranded as Box8 to expand its menu and potential.
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