Box8 raises fresh funds; revenue jumps over 63% in FY19

Date posted: Thursday 7 May 2020

To beef up its new offering, Box8 has raised fresh funds to the tune of Rs 30 crore from IIFL Seed Ventures Fund and Menlo park based Mayfield Fund in a mixed round of equity and debt. The Mumbai-based venture has issued convertible debentures worth Rs 30 crore to IIFL while Mayfield Fund has picked up Series C3 CCPs for Rs 10 crore in what seems to be a bridge round. Box8 is one of the three dozen companies that have entered the grocery and essentials delivery segment as essential services were the only ones allowed over the last 3-4 weeks due to the countrywide lockdown.

(Entrackr)