Team Startupcity

• EatClub Raises Rs 185 Cr led by Tiger Global, A91 Partners, and 360 ONE
   
• 77% drop in losses, From Rs 69 Cr (FY23) to Rs 15.77 Cr (FY24)
   
• Plans to expand operations and grow cloud kitchen brands like Box8, Mojo Pizza, ZAZA Biryani

EatClub, the parent company of cloud kitchen chains such as Box8 and Mojo Pizza, is raising Rs 185 crore (~$22 million) in a new funding round. Tiger Global (Rs 126 crore) leads the round, with further support from A91 Partners (Rs 37.5 crore) and 360 ONE Asset Management (Rs 21.2 crore).

The fundraise has been sanctioned through the issuance of 11,830 preference shares, as per Registrar of Companies (RoC) filings.

Also Read- Cloud Kitchen Startup EatClub Brands finalises $30 million Secondary Funding Round

EatClub was started by Anshul Gupta and Amit Raj. EatClub runs through a cloud kitchen model with a sole focus on delivery. In FY24, the firm saw revenue of Rs 515.5 crore, while its losses declined considerably from Rs 69 crore in FY23 to Rs 15.77 crore a 77% reduction.

This is a rare 2025 deal for Tiger Global, which also invested in Infra.Market with a $125 million round earlier this year. EatClub operates in competition with food-tech majors such as Rebel Foods (Rs 1,420 crore revenue, Rs 378 crore loss in FY24), Freshmenu, Eatfit, and BBK.