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This episode of Food & Beverage Talk gets personal in discussing the challenges of entrepreneurship and working in the food and beverage industry. Nabeel Alamgir is the co-founder and CEO of Lunchbox, a digital ordering and marketing platform specifically for the restaurant industry. He talks about his experiences with three start-ups, lessons learned from mistakes, the successes and challenges experienced with Lunchbox, advice on forming partnerships, and the importance of honesty in marketing and sales.
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| 4:28 What is Nabeel Alamgir’s background as an entrepreneur, and how did he get into the food and beverage industry? |
| 11:24 What is Lunchbox’s mission? |
| 14:40 What was the experience of fundraising $70 million in investment funds in three rounds for Lunchbox? |
| 24:34 What were the main lessons learned from hiring people for a start-up? |
| 27:35 Advice for founders thinking about a partnership. |
| 32:16 How important is honesty in building a brand and building a business? |
| 35:30 How do the investors and the Board of Directors for Lunchbox interact with the founders? |
| 39:20 What is the most difficult problem for Lunchbox at its current growth stage? |
| 41:20 How is the enormous potential of digital branding impacting the growth of small and large restaurants? |
| 44:25 What are the challenges in marketing products to different generations? |
| 46:30 What is the impact of social media as a marketing tool? |
| 51:10 How is digital marketing impacting food and beverage spaces? |
| 53:37 Advice to restaurants struggling to expand their business. |
Nabeel Alamgir is the CEO and co-founder of the digital ordering and marketing platform Lunchbox. After immigrating to the United States as a teenager from Bangladesh, Nabeel spent his American life in the restaurant industry. He began his career in the industry as a busboy at Bareburger. In this New York-based better-burger chain, he eventually rose to lead the marketing and technology departments as Chief Marketing Officer at age 25. As CMO, he helped Bareburger expand from 5 locations in New York to over 40 locations across the world and developed a tech stack that defined the brand as a leader in restaurant-tech adoption. What started as a standalone restaurant is now a franchise with over 50 locations, a testament to Nabeel’s entrepreneurial success.
Inspired by his firsthand experiences from the front to the back of the restaurant, Nabeel launched Lunchbox Technologies in 2019. The startup provides multi-unit restaurants with an online ordering system and marketing engine and has raised over $70 million from investors like Coatue Management and Primary Ventures.
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