Money Makers Mentor

Lunchbox Raises Series A Funding

Lunchbox is an app-based company that focuses on improving online ordering. Recently, they have managed to raise $20 million in a successful Series-A funding round. Their funding round, which was led by Coatue, happened on October 28th. They plan on using their funding to further help restaurants improve their ordering experience.

Lunchbox is a startup that was founded as early as last year. Their goal is to create user interfaces for restaurants that rival third-party apps like Grubhub or Uber Eats. Subsequently, they intend on eliminating the need for such middle-men, and personalize the customer experience to each restaurant.

“You don’t want to lose a customer to these marketplaces,” said Nabeel Alamgir, CEO of Lunchbox. “You should be on these channels, but you should also inv…

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