Kitchen Herald
  • Home
  • News
    • Bakery and Cafes
    • Dairy
    • Food Safety
    • Food and Beverage Manufacturers
    • Food Distributors
    • Restaurants
  • Views
    • Contribution
    • Interviews
  • Technology
    • Billing and POS
    • Cloud Kitchen
    • Kitchen Automation
  • Associations
  • Job Vacancies
No Result
View All Result
  • Home
  • News
    • Bakery and Cafes
    • Dairy
    • Food Safety
    • Food and Beverage Manufacturers
    • Food Distributors
    • Restaurants
  • Views
    • Contribution
    • Interviews
  • Technology
    • Billing and POS
    • Cloud Kitchen
    • Kitchen Automation
  • Associations
  • Job Vacancies
No Result
View All Result
Kitchen Herald
No Result
View All Result
Home Technology Billing and POS

Mobile POS Startup QueueBuster Raises INR 63.3 Crore In Series A Round

Funds will drive merchant growth, product enhancements & scaling of distribution networks

Nandana J by Nandana J
June 15, 2022
A A
0
Mobile POS startup QueueBuster raises INR 63.3 crore in Series A round

Mobile POS startup QueueBuster raises INR 63.3 crore in Series A round

Press Release (cbedit@imaws.org)

QueueBuster, a mobile-based POS application, has raised INR 63.3 crore (USD 8.16 million) in a Series A funding round led by Chiratae Ventures, Omidyar Network India and Flourish Ventures. DMI Alternative Investment Fund (the Sparkle Fund) and Unaprime Investment Advisors (an exclusive banker to QueueBuster) also participated in this round. The company will focus on merchant growth, product enhancements and scaling of its distribution network.

QueueBuster, founded in 2016 by a team of second-time entrepreneurs led by Varun Tangri, is a full-stack mobile POS application to manage billing, inventory, khata (daily ledger), online dukaan, customers and loyalty programs all from a single application. The SaaS application is designed for a wide range of businesses from kirana and retail, to restaurants and fashion & apparel, to automobiles and more. QueueBuster runs on all Android devices including the recently introduced Android-based credit/debit card swiping machines.

QueueBuster currently has over 20,000 merchants on-boarded on their platform across multiple industries ranging from neighbourhood kirana stores to enterprises like HUL, Tata & ITC. They processed over 1.1 million invoices worth over INR 130 crores in May 2022 alone. So far, they have recorded more than 12 million invoices worth over INR 1000 crores on their app since January 2021.

“Merchants in today’s time are overwhelmed by a plethora of stand-alone applications for every small or big requirement of theirs. Unfortunately, none of those applications provide them with a holistic set of features to manage their end-to-end operations effectively. Merchants are forced to use multiple applications which decreases their efficiency even further. With QueueBuster, merchants can manage their entire business operations with ease. Our aim is to reach at least 10 million merchants by the year 2025”, explained Founder and CEO, Varun Tangri.

“QueueBuster team has over 8 years of experience in the Android POS industry. They have developed a very comprehensive solution for MSMEs in terms of features, user experience and cost-effectiveness. Their resolve to provide the best after-sales support to the MSMEs will be a cornerstone to succeed in the MSME market,” said TCM Sundaram, Founder and Vice Chairman, Chiratae Ventures.

“Aligning with our vision to improve the financial health and resilience of MSMEs, QueueBuster provides affordable technology solutions to small merchants through partnerships with banks and payment companies. In a rapidly digitizing world, QueueBuster is helping these small merchants digitise business critical processes thereby increasing the efficiency of their day to day operations,” said Amol Warange, Director, Omidyar Network India.

“Our investment in QueueBuster aligns with our investment thesis to empower merchants of all scales and sizes to benefit from the fast growing digital economy,” said Harsh Gupta, an investment associate at Flourish Ventures. “Queuebuster’s unique tech-driven business solution combines business and back-end operations to address the growing needs of businesses in India. We look forward to working with QueueBuster as it solves the day to day pain points and financial needs of merchants in this important market.”


THIS ARTICLE IS POWERED BY

Tags: Amol WarangeChiratae VenturesDMI Alternative Investment FundF&B NewsFlourish VenturesOmidyar Network IndiaPoint of salePOS startupQueueBusterSaaS applicationSparkle FundTCM SundaramUnaprime Investment AdvisorsVarun Tangri
Share61Share11Send

Related Posts

GReaT Trails by GRT Hotels To Go Pet-Friendly
Home Slider

GReaT Trails by GRT Hotels To Go Pet-Friendly

June 3, 2023
1.9k
Shape-shifting Of Restaurants In Jaipur
Associations

Shape-shifting Of Restaurants In Jaipur

June 2, 2023
1.9k
Newly Launched Shifuku Restaurant Redefines Asian Dining in Andheri
Food and Beverage Manufacturers

Newly Launched Shifuku Restaurant Redefines Asian Dining in Andheri

June 1, 2023
1.9k
Udaipur GMs Discuss On Post-Covid Challenges, Customer Enhancements
Associations

Udaipur GMs Discuss On Post-Covid Challenges, Customer Enhancements

May 26, 2023
1.9k
Keurig Dr Pepper’s New K-Iced Line Targets Growing Demand for Iced Coffee
Food and Beverage Manufacturers

Keurig Dr Pepper’s New K-Iced Line Targets Growing Demand for Iced Coffee

May 19, 2023
1.9k
Snack Makers Invest High On diversified Indigenous Products; Registers High Sales
Food and Beverage Manufacturers

Snack Makers Invest High On diversified Indigenous Products; Registers High Sales

May 17, 2023
1.9k

Kitchen Herald

Kitchen Herald is a leading B2B digital media for the Indian Chefs, hoteliers, food handlers community and for global culinary community. We track the global food sector and provide our readers with latest news, job vacancies interviews, and updates. Reaching out majorly to Hoteliers, Chefs, Bakery owners, Food manufacturers, Procurement managers, distributors, import, and export companies and more, we are the most prefered food portal for HoReCA segment.

Quick links

  • News
  • Technology
  • Associations
  • Job Vacancies
  • Bakery and Cafes
  • Dairy
  • Food and Beverage Manufacturers
  • Food Distributors
  • Food Safety
  • Billing and POS
  • Kitchen Automation

Site Navigation

  • Home
  • Advertisement
  • Contact Us
  • Privacy & Policy

© 2022 Indo Media Analysis Wording Services.

No Result
View All Result
  • Home
  • News
    • Bakery and Cafes
    • Dairy
    • Food Safety
    • Food and Beverage Manufacturers
    • Food Distributors
    • Restaurants
  • Views
    • Contribution
    • Interviews
  • Technology
    • Billing and POS
    • Cloud Kitchen
    • Kitchen Automation
  • Associations
  • Job Vacancies

© 2022 Indo Media Analysis Wording Services.

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?