# Poncho

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/poncho

- Industry: Travel & Leisure
- Headquarters: Mumbai, India
- Total disclosed funding: $51M
- Latest round: Series D (Dec 14, 2021)
- Investors on record: 7

## About

Based in Mumbai, Poncho offers Mexican food in an open kitchen style. In December 2021, Poncho raised INR 2.57 billion in Series D/Round 4 funding from Tiger Global Management.

Poncho, a quick-service restaurant based in Mumbai, began with a focus on Mexican cuisine and introduced an open kitchen concept that lets customers watch their meals being prepared. The firm brand expanded its offerings to include Indian, Italian, and Chinese dishes under the new name Box8. The original idea behind Poncho was to fill a gap in Mumbai’s fast food scene by offering convenient and authentic Mexican options.

## Funding rounds

- Series D, Dec 14, 2021, $34M — Tiger Global Management
- Series C, Apr 28, 2020, $4.7M — Mayfield Fund, Fortune Investments
- Series C, Mar 25, 2019, $6.9M — Trifecta Capital, Ganesh Ventures, ReDefine Capital Partners
- Series B, Nov 14, 2018, $0.5M — Mayfield Fund, Trifecta Capital
- Series B, Oct 1, 2016, $0.5M — Mayfield Fund, 360 ONE
- Series A, Jan 12, 2015, $4.5M — Mayfield Fund

## Investors

- Mayfield Fund (https://capitalatlas.ai/funds/mayfield-fund) — Series A, Series B, Series C
- 360 ONE (https://capitalatlas.ai/funds/360-one) — Series B
- Trifecta Capital (https://capitalatlas.ai/funds/trifecta-capital) — Series B, Series C
- Ganesh Ventures (https://capitalatlas.ai/funds/ganesh-ventures) — Series C
- ReDefine Capital Partners (https://capitalatlas.ai/funds/redefine-capital-partners) — Series C
- Fortune Investments — Series C
- Tiger Global Management (https://capitalatlas.ai/funds/tiger-global-management) — Series D