Lunchbox pitch deck to raise $2m Seed round

This is the Lunchbox pitch deck to raise a $2m seed round in 2019.

About

Lunchbox Technologies develops an online ordering engine for restaurants. It offers various features such as app ordering, web ordering, kiosk, and others that enable restaurants to create customizable digital ordering experiences that keep them fully engaged with their brand. The company was founded in 2019 and is headquartered in New York.

Nabeel Alamgir didn’t speak English before moving to the US at age 15, worked his way up from busboy to executive, and was rejected by 72 investors before getting funding for his first start-up.

In other words, Alamgir, the cofounder of software-as-a-service start-up Lunchbox, is used to big challenges. But his current target means taking down companies with millions of users and even more funding: third-party restaurant delivery apps like GrubHub and Uber Eats.

Alamgir’s story is both unique but well-known. Working as an executive at Bareburger — he was chief marketing officer after starting at the company as a busboy in high school — he saw the fees being charged by third-party apps and decided to do something about it.

He’s not modest about his goals.

“TLDR: got tired of cutting checks to GrubHub and Uber Eats, so started a food-tech company to save the restaurant industry!” his LinkedIn reads.

Lunchbox is still young and tiny, with a $2 million seed round to its name so far. But they clearly have the attention of the biggest of the big: Doordash made an offer to buy the firm before Lunchbox had raised its seed round.

“If the seed didn’t come through, we would have taken it,” said Alamgir, who cofounded the company with Andrew Boryk, who is the chief technology officer and a former software engineer for Johnson & Johnson.

“The Doordash deal would have been more profitable for us. We didn’t want it because we wanted to bet on ourselves.”

Doordash said in a statement to Business Insider that it was always looking for opportunities, including M&A, to complement its “organic strategy,” but didn’t have anything else to share right now.

Funding rounds

Announced Date	Transaction Name	Number of Investors	Money Raised	Lead Investors
Oct 28, 2020	Series A – Lunchbox Technologies	9	$20M	Coatue
Oct 10, 2020	Series A – Lunchbox Technologies	1	—	—
Dec 2, 2019	Seed Round – Lunchbox Technologies	3	$2.1M	645 Ventures

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