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In a recent development, this startup raised $34 million (€30 million) funding from Index Ventures along with existing investors such as Daphni, Kima Ventures and Idinvest. Prior to this, the startup raised $13 million (€11 million) funding in 2018. With this investment, the company aims to attract 200,000 in 2019.
Aims to offer better experience
According to the startup, notably, 85% of the meal vouchers in France are paper vouchers. Eventually, Lunchr has a great opportunity in the country as Lunchr offers a MasterCard-backed card, along with a mobile app to keep track of usage and purchases. With this card, companies can give their employees $15 worth food and meal purchases a day. Already, it has a notable clientele comprising Redbull, Spotify, LeLynx.fr, Payfit and Qonto in France.
The startup supports 200,000 places all over France. “We offer executives and employees a unique and much better solution than the paper vouchers restaurants have known for 50 years and [that] have never been rethought,” Soubeyrand said in a statement.
The startup has already negotiated with restaurants to provide discounts for big orders. On an average, people can get an 18% discount on ordering food via the Lunchr app.
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