SmartQ, online food-tech platforms raise $1 million funding from an investor group led by Dubai based investors. The existing investor, YourNest has also participated in this round.
Ex-Managing Director of Lazada group, Anvita Varshney has joined as the Board of Advisors for SmartQ. Neeraj Sharma, Ex VP HP Asia Pacific has also been mentoring the SmartQ team from early 2017.
SmartQ intends to use the raised funds for expanding the business within India and across international market along with further strengthening the team by getting together top talent.
Founded by Krishna Wage and Abhishek Ashok in 2014, the company has immensely grown its product portfolio, customer base, geographical presence and sales turnover. Charting a great success story for itself, SmartQ has been growing 50 percent month-on-month and clocks over 1,00,000+ transactions every day.
Addressing various challenges faced by employees and caterers, SmartQ enhances cafeteria and food-court experience by eliminating queues, minimizing wait time, increasing collaborative work time. By enabling corporate employees to place their orders through multiple means, SmartQ implements its innovative and cutting-edge product digital Cafeteria Solutions.
“The funding has enabled all of us at SmartQ to take the organization to the next level of strategic growth and further scaling up on technology, talent and brand building in full swing. With our partners’ firm belief in our business strategy and our unique solution-providing capabilities, we look forward to achieving our expansion goals and ultimately fulfill the vision of SmartQ,” said co-founder and CEO, SmartQ, Krishna Wage.
“Within a short span of time, SmartQ has been able to build a huge customer base and has been serving some of the best and large-scale businesses. We were extremely impressed with the splendid work that the organization has been doing by providing end-to-end cutting-edge technology solutions of global standards to all its customers,” said the ex-managing director of Lazada group, Anvita Varshney.
“SmartQ being the best technology platform for the digital cafeteria, is on track to become global leader in digitized cafeteria and food courts tech industry,” said managing director and fund manager, Yournest, Sunil K Goyal.
Pioneering the digital cafeteria solutions, SmartQ has aggressively captured the vast market of food courts and cafeterias providing multiple benefits for caterers and food courts.
The digital cafeteria platform of SmartQ includes Mobile application, Automated Billing Kiosks, Centralized Billing System, NFC Prepaid cards, POS software etc.
Yournest, an early stage venture capital fund has fully committed the Fund 1, which was of Rs 90 crores to 16 companies including SmartQ. “YourNest India VC Fund II” of Rs 300 crores is focused on leveraging evident unmet funding needs ranging from Rs 4 to 6 crores in its chosen domains. займ на год с ежемесячным платежомзайм в москве срочноонлайн займ на карту 24 часа займ денег спбзайм денег с плохой кредитной историеймикро займ срочно