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Startup funding

MoneyBox,Food tech startup raises funding from Blume & others.

22nd, July 2017    -    Startup funding

MoneyBox, startup which delivers nutritious food to school children in Bangalore, has raised an undisclosed amount in its pre-Series A round from existing investor Blume Ventures. 

The participated investors include NB Ventures, Nspira, and some angel investors.

The new capital will be used for expansion, marketing campaigns, and to hire more employees.

The startup provides healthy vegetarian meals specially designed by nutritionists that are balanced and portioned as per the Recommended Dietary Allowance (RDA). The meal boxes are delivered to the schools directly, 30 minutes before their breakfast/lunch/snack time.

The company also delivers to daycare and Montessori schools for children in the group of 1-3 years. It has also partnered with local farms and distributors for supplying fresh ingredients for the meals.

MonkeyBox was founded in 2015 by Rao and Sandeep KN. In 2006, Rao and Sandeep also launched a sports analytics platform, Sporting Minds, which was also backed by Blume Ventures. The startup shut shop in 2012.

In May this year, MonkeyBox had acquired Delhi-based cold-pressed juice manufacturer and delivery firm RawKing.

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