Poncho Hospitality’s $4 Million Series C Raising Found

Jerome Merchant + Partners advised Investors IIFL and Mayfield on the deal.

Poncho Hospitality, the parent company of foodtech startup Box8, completed a Series C funding round of approx. $4 million (Rs 30 crore), from existing investors including IIFL Seed Ventures Fund, and Menlo park-based Mayfield Fund, in a stock-and-debt deal.

Poncho Hospitality Private Limited, doing business as Box8, owns and operates an on-demand food delivery company. The Company offers pizzas, biryanis, wraps, sandwiches, and salads.

The Jerome Merchant + Partners team was led by partner Vishnu Jerome (Picture) and associate Komal Parakh.

Involved fees earner: Vishnu Jerome – Jerome Merchant and Partners; Komal Parakh – Jerome Merchant and Partners;

Law Firms: Jerome Merchant and Partners;

Clients: IIFL Securities Ltd; Mayfield ;

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Author: Michael Patrini