Lunchlab
Korean B2B foodtech startup that delivers freshly prepared, hygienic boxed lunches and provides seamless in-office meal solutions for corporate clients.
| Date | Investors | Amount | Round |
|---|---|---|---|
* | KRW800m | Seed | |
| Total Funding | 000k | ||
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Lunchlab operates as a business-to-business (B2B) food-tech entity, focusing on the corporate meal service sector in South Korea. The company was established in 2018 and has its headquarters in Seoul.
The core of Lunchlab's business is a regularly scheduled, in-office lunch delivery service designed for companies situated in areas where dining options may be limited or inconvenient. Its business model is structured around providing a comprehensive meal solution, which includes delivering freshly prepared, boxed lunches at a fixed time each day. A key feature of its service is the post-meal cleanup, where the company collects the used meal containers, thereby offering a complete, hassle-free service for corporate clients. Revenue is generated from these corporate accounts, with services extending to major firms like Woongjin ThinkBig and various small- to mid-sized clinics, totaling around 250 clients.
Clients use a proprietary mobile application to manage their subscriptions and streamline the ordering process. The platform boasts a database of over 140 menu items, from which it curates and offers three different meal options daily. This model provides variety for employees while simplifying meal management for administrators. The service also includes free delivery and dish collection. The company has demonstrated significant growth, reporting a 74% year-over-year revenue increase from 2023 to 2024.
Lunchlab has successfully attracted venture capital, securing approximately $615,000 in a pre-Series A funding round. This round was led by the Los Angeles-based firm Strong Ventures and included participation from the global VC firm 500 Global. The raised capital is earmarked for strategic expansion, including increasing in-house production capacity, enhancing logistics coverage across Seoul, and improving the IT infrastructure to elevate the user experience.
Keywords: corporate meal service, B2B food tech, office lunch delivery, South Korea food startup, subscription meal service, employee meal solutions, boxed lunch delivery, corporate catering, food logistics, daily meal plans, workplace food service, Seoul startups, Strong Ventures, 500 Global, in-office dining, meal container collection, corporate wellness, employee benefits, mobile food ordering, food service management