In 2012, two IIT grads, Anshul Gupta and Amit Raj, launched a late night food delivery service called Box8 in Mumbai.
No fancy dine-ins. No celebrity chefs.
Just hot, Indian meals delivered in 38 minutes.
Thirteen years later, that quiet bet has turned into a national food-tech engine EatClub, home to brands like Mojo Pizza, ZAZA Biryani, NH1 Bowls, and more.
Now, that engine just got refueled.
A Rare Move From Tiger Global
EatClub is raising ₹185 crore (~$22M) in fresh funding led by Tiger Global one of its only new India bets this year.
A91 Partners and 360 One Asset Management are also participating.
Tiger is contributing over ₹126 crore, signaling deep conviction in EatClub’s model:
Multi-brand, full-stack cloud kitchens with profitability built in—not burned out.
Revenue Up, Losses Down
In FY24, EatClub clocked ₹515.5 Cr in revenue a sharp leap in a capital-starved sector.
But what caught investor eyes: losses fell 77%, from ₹69 Cr to just ₹15.7 Cr.
At a time when competitors are scaling with heavy burn (Rebel Foods lost ₹378 Cr last year), EatClub is scaling with restraint and still winning market share.
From One Kitchen to 16 Brands
This fundraise pushes EatClub’s valuation to ₹4,585 Cr (~$540M), nearly double its 2021 mark.
With 16 brands under its belt and a lean delivery network, the company is ready to expand into Tier 2 cities and deepen its kitchen tech stack.
What began as a simple Indian meal delivery idea is now a high-growth, high-efficiency food-tech platform.
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