You are here: Home » Companies » Start-ups » News
Business Standard

Food court app SmartQ raises pre-Series A funding from YourNest Angel Fund

The company aims to solve the everyday problem of uncertainty and delays over food ordering in food courts

Topics
Smartq

BS Reporter  |  Mumbai 

SmartQ
SmartQ

Bangalore based SmartQ, a mobile app that enables queue-less ordering at food courts in malls and corporate office complexes, announced on May 18 that it has raised pre-series-A funding from YourNest Angel Fund. Particpation from Vijay Jumani, ex-CEO of BabyOye.com was also seen in the funding round.

Company will utilize the funds to develop and deploy technology for verticals like amusement parks and retail, targeting a market size of more than $100 bn and expand business to newer geographies like Mumbai and Pune. It also aims to achieve a target of acquiring 1 million+ users in next 18 months.

SmartQ, founded in 2015 by Krishna Wage in partnership with Abhishek Ashok, aims to solve the everyday problem of uncertainty and delays over food ordering in food courts frequented by thousands of consumers every day. The app enables users to order food from a service outlet in a food court within 20 seconds and get an alert when the food is ready to be picked up, thereby eliminating the queues at both the PoS and pickup counters.

The company has also tied up with mobile wallets like PayUMoney and Paytm to enable swift cashless transactions for its users. The company charges a commission for every order serviced by its platform.

Company has seen swift adoption and already has a presence in over 10-15 IT and IT Parks in Bangalore. The company has partnered with large employers such as IBM, Wipro, and Accenture and has more than 45,000 users on its android app currently and clocks over 1,800 transactions daily. It is witnessing a growth of 50% every month.

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Wed, May 18 2016. 18:30 IST
RECOMMENDED FOR YOU
.