In the bustling food-tech industry of India, several innovative brands are making significant strides. Among them, HungerBox, Faasos, and BOX8 are noteworthy players, each contributing uniquely to the sector’s growth and transformation.
HungerBox
Founded in 2015 by Sandipan Mitra and Uttam Kumar, HungerBox has quickly become a prominent name in India’s food-tech landscape. With over 200 million transactions since its inception, HungerBox has revolutionized the dining experience for students and corporate workers. The company integrates technology seamlessly into food courts at tech parks, malls, multiplexes, corporate offices, and educational institutions. Their mission is clear: to enhance efficiency by offering a diverse array of wholesome, nutritious, and evolving food options. With an impressive $44.6 million raised over eight funding rounds, including a Series D round on August 12, 2020, HungerBox’s commitment to innovation is well-recognized. Supported by ten investors, such as Sabre Partners and Pratithi Investments, HungerBox continues to thrive in the dynamic food-tech sector.
Faasos
Supported by its parent company, Rebel Foods, Faasos has carved a significant niche in India’s food-tech industry. Founded in 2011 by Jaydeep Barman and Kallol Banerjee, Faasos operates a network of over 500 restaurants across ten countries, making it the largest quick-service restaurant brand with Indian roots. In 2021 alone, Faasos expanded to seven new countries, including Bangladesh, Singapore, and the United Kingdom. With approximately 160 kitchens serving diverse cuisines under four different brands, Faasos offers a unique, all-inclusive approach to the food-on-demand business, encompassing ordering, fulfillment, and delivery. With a total capital of $111 million and operating revenue of $75.24 million in FY20, Faasos remains a dominant force in the food-tech scene.
BOX8
Established in 2012 by Anshul Gupta and Amit Raj, both alumni of the prestigious Indian Institutes of Technology (IIT), BOX8 has become a key player in India’s food-tech industry. Starting as a small canteen in a corporate building, BOX8 popularized the concept of serving delicious Desi meals in portable, easy-to-carry boxes. Known for delivering hot food within 28 minutes without extra delivery charges, BOX8 has expanded to over 110 locations across Mumbai, Pune, Bengaluru, and Gurugram, serving an impressive 22,000 meals daily. With $72 million in funding, including a significant $40 million injection from Tiger Global Management on November 30, 2021, BOX8 is firmly established as a major player in India’s food-tech market.
Other Notable Players
CaterNinja and Swiggy are also among the leading brands driving innovation and success in India’s food-tech industry. These companies utilize technology to offer unique solutions, from digital catering platforms to efficient food delivery services. Their significant investments and strategic expansions cater to the diverse demands and preferences of their clientele, transforming the culinary landscape and setting new industry standards.
