Food Delivery Startup 75 In A Box Acquired by MonkeyBox
MonkeyBox, which delivers nutritious food to school children in Bengaluru, has acquired 75 In A Box in an all-stock deal. Backed by Blume Ventures, MonkeyBox looks to be expanding after they had already bought juice maker RawKing back in May, in order to add the option of fresh juices to school kids’ lunchboxes.
Bengaluru-based 75 In A Box, founded by Chetan Pal, Dinakar Raju, Jayesh Sada and Veeraraghavan Vasudevan in August 2016, delivers healthy food to offices.
A Strategic Move
MonkeyBox co-founder Sanjay Rao said “The acquisition is a strategic move for us as we try to expand our product offering to adults. 75 in a Box has considerable experience in the adult health food sector and is a perfect fit for us. Raju and Vasudevan, along with a team of 10 members, have joined MonkeyBox. 75 In a Box will continue to operate under the same brand, but will be a subsidiary of MonkeyBox. Services will be officially launched on 2 January across the city, including Koramangala, HSR Layout, Indiranagar, Whitefield, Sarjapur, JP Nagar and CBD. We were not only providing curated world cuisine for fitness enthusiasts but also healthy food for people with normal diets. We were also active on food delivery platforms such as Zomato and Swiggy.”
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