Bangalore based SmartQ, a mobile app that enables queue-less ordering at food courts in malls and corporate office complexes, has raised pre-series A funding from YourNest Angel Fund.
Vijay Jumani, Ex-CEO of BabyOye.com also participated in the funding round.
The 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.
SmartQ 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.
SmartQ has a presence in over 10-15 IT companies and IT Parks in Bangalore. The company has more than 45,000 users on its android app currently and clocks over1800 transactions daily. It is witnessing a growth of 50% every month, claims the company.
SmartQ was founded in 2015 by Krishna Wage in partnership with Abhishek Ashok. Krishna is the CEO of the company and an alumnus of IIM Calcutta while Abhishek, an alumnus of IISC, is the CTO at SmartQ.
