Restaurant Tech Startup Raising Funds In Bangalore
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Product / Service
Current products in the market are:
- Table / slot Reservation management software for dine-in restaurants, events.
- CRM and promotion management dashboard for restaurants and retail businesses.
- Parking and valet management for restaurants, hotels, malls.
- Open APIs for all above.
Products under development are:
- B2B vendor - business interface for restaurants & retail businesses.
- B2B vendor discovery platform for restaurants & retail businesses.
Clientele type
Clients:
- Shakesbierre Microbrewery
- Gulp bar & kitchen
- Smooth Criminal Bar & Restaurant
Industry:
- Restaurants and F&B
Premises
The team is working from home to keep cost low as business is currently bootstrapped. All the team members are Bangalore based.
Asking Price Includes
Investment round is of INR 2 CR, however an individual investor can join minimum investment of INR 25 Lakhs.
Reason
Currently in the last-mile development stage. They need to hire senior developers, and set up an office to complete integrated testing and launch.
Other Details
They are a 5 member highly motivated team, based out of Bangalore. The CEO brings in 14 years of corporate experience and 15 years of being a serial restaurateur. He has created multiple iconic F&B brands in Bangalore. Bringing his corporate leadership experience and blending that with his hands-on restaurant ownership experience, he is currently driving this software development with the intention of solving perennial problems of restaurateurs with great monetization potential.
CTO & Co-Founder brings in over 7 years of software development experience and is well trained with modern tech stacks. He leads the development team consisting of Coders, testers and UI/UX specialists.
The F&B and Hospitality market is one of the fastest growing currently in India. This market in India is projected to reach a TAM of 250 Billion USD, a SAM of 100 Billion USD and a SOM of 20 Billion USD by 2025 as per the GOI projections.
With Digitization and Fin-tech taking the lead towards reaching this goal, they are positioning their SAAS products in the enterprise fintech & B2B fintech segment.
Their Reserve product is ready for a market which has just a couple of other options. While the market is large with great potential, their product offers multiple unique features and integrations which are nowhere present in the market currently. They wish to be a pioneer on this front.
Their Products are designed to give the business owners greater control on their operations, hence driving high acceptability. Also their products are designed to deliver immediate quantifiable savings to the business owners by quantum improvement in the efficiency of operations.
The B2B Vendor interface will digitize transactions, provide live information, resolve the eternal problem of transaction reconciliation, and also provide a payment gateway to ensure a one-stop-shop integration between the client and vendor businesses. This module also extends into the option of transaction financing and micro-financing as well.
They are excited to develop these products and are looking forward to a great handshake with like-minded investors so they can scale this to pan-India and also into a global platform.
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