MAM
Mayfield pumps Rs 21 crore in Mumbai based food technology startup Box8
MUMBAI: On-demand food delivery service Box8 has raised approximately Rs 21 crore in Series A funding from US-based venture capital fund Mayfield. Founded by IIT graduates Amit Raj and Anshul Gupta in 2012, Box8 is one of the front-runners in India’s Rs 50,000-crore food tech market.
One of its best-selling products, ‘all in one’ meal box was developed keeping in mind the hectic and fast paced life of the Indian consumer. The company’s strength lies in its strong development team, which comprises experienced chefs from ITC and Marriott Hotels.
“We keep only one thing in mind when we make our food; that we would only serve food that we enjoy eating. Food is a tricky business. It has many moving parts and is very personal to customers,” says Raj.
Having 22 delivery units across Mumbai, with over 2,000 transactions per day, Box8 has grown 10x in the last 15 months. Keeping a focus on taste, technology and innovation has resonated well with its customers, as 80 per cent of its daily transactions come from repeat customers. Therefore, the funding comes at a welcome time when they not only need to keep their quality consistent but more man power on board.
“We have over 30 IITians in our team and we would like to hire more such talented individuals from different backgrounds. Execution is the key to the success of this business and we want to build a team, which focuses on getting the job done,” added Gupta.
Box8 is also backed by multiple angel investors, including Mu Sigma founder Dheeraj Rajaram, Avendus Capital co-founder and managing director Kaushal Aggarwal and Indian Angel Network.
Brands
Origen Realty names Preeti Rai as president- sales & strategy
Veteran hire signals push into Gurugram market with growth ambitions
GURUGRAM: Origen Realty has appointed Preeti Rai as president for sales and strategy, as the company gears up to enter the competitive Gurugram property market.
The move brings in a seasoned industry hand with over two decades of experience across residential and commercial real estate. In her new role, she will lead the company’s sales operations and go-to-market strategy, with a focus on building a strong foothold in Gurugram and driving early momentum.
Origen Realty management said the appointment marks a key milestone in its expansion plans. Origen Realty management said the hire will help sharpen execution and strengthen the company’s sales-led growth strategy as it steps into a new market.
Preeti Rai said, “I look forward to being part of Origen Realty at a pivotal stage in its journey and contributing to building a strong presence in the Gurugram market.”
Before joining Origen Realty, she served as senior vice president for sales and marketing at Elan Group. Her career also includes stints at major developers such as DLF Universal Ltd, Today Homes and Infrastructure, Paras Buildtech Pvt Ltd and Ambience Infrastructure Ltd, where she built expertise across channel sales, leasing, and end-to-end deal execution.
Known for her focus on strategy and team leadership, Rai is expected to play a central role in shaping Origen Realty’s market positioning and sales ecosystem in the region.
As Gurugram’s real estate market continues to attract fresh investments and new entrants, Origen Realty’s latest leadership hire signals its intent to compete with a clear, sales-driven playbook.
