Lunchr wants to bring new winds in the lunch break. From Index ventures France Startup Lunchr is raising €30 million ($34 Million) Funding with these existing investors Idinvest, Kima Ventures and Daphni also participate. Before that, this Startup also raised $13 million before 7 months ago.
In France, companies of a certain size want to support employees in a certain way and especially in their lunch break. Every company have their different policy of lunch breaks big companies made cafeteria while small companies give lunch meal coupons to their employees. In the beginning of the month every employee gets a paper vouchers for the lunch meal, But Sodexo a meal voucher company also gives alternative of paper vouchers. Lunchr focuses on meal vouchers, now you will get a payment card in the replacement of food meal paper vouchers to pay off your food using a card reader.
Till now many of the restaurants as well as Supermarkets did not updated their card terminal so it is hard for employee to take meal from their and Apps also don’t work well so it is hard to know how much money left in your account so paper meal voucher is good idea for now.
Lunchr currently wants supports 200,000 in France, Lunchr starts with card that works in maximum places, Restaurant still do not do anything they receive paper meal vouchers right now. The company now take advantage that not some employees everyone switch to Lunchr. It means now in France everyone has Lunchr App, Lunchr card and Lunchr account. Through the Lunchr App the user can track its usage and purchase through card
From Lunchr App you can order food at your office now and Lunchr gives discount on some restaurants also so now one employee can order food for everyone and on big orders on an average 18% discount will be applied ordering through App. With this funding now the company wants to connect through 200,000 by the end of 2019. The giants like Redbul, Spotify, LeLynx.fr, Payfit and Qonto use Lunchr cards already. Lunchr fight with many companies because approx 85% of the companies still provide paper meal vouchers and companies will consider switching on payment cards soon and that is the big opportunity for Lunchr.
From past 50 years in France a book of paper food meal vouchers given to everyone now Lunchr wants that everyone is switching on Lunchr Card now, Lunchr also gets $13 Milliion funding also. Right now Lunchr has 60 employees and these 60 has to beef up his game. It is also expected that the team is doubled soon in this season and commercial profiles also hired in this. The target is to make 200,000 customers in France in this year and want to double this figure in the next two years. This startup is created by Teads’s former co-founder Loïc Soubeyrand and this company is continuously follow path of success. Eight months before getting $13 Million (€11 million) funding now he gets €30 million ($34 Million) Funding. Lunchr also gives its alternate MasterCard-backed tahts is used as a substitute together; with the phone app you can track utilization and purchase.
He is an IT engineer and a tech geek having 13+ years of writing experience in the technology field. He is passionate about upcoming technology and loves to write on the technology niche.
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