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 round of funding led by YourNest Angel Fund. Vijay Jumani, Ex-CEO of BabyOye.com also participated in this round of funding.
SmartQ is the brainchild of Bottle Lab Technologies which is a tech-driven innovation lab, founded by alumni of IIM-Calcutta & IISc-Bangalore. SmartQ was founded in 2015 by Krishna Wage in partnership with Abhishek Ashok. They are a bunch of passionate people, who are on a mission to solve real problems of people and improvise quality of their lives using technology. SmartQ allows you to place your orders within 15 seconds. It is an E-wallet integrated with PayU and PayTM and hence enables speedy payments. Your waiting time in the Que is reduced by almost 99%. It also provides its customers with the favourites option to store their favourite food order for faster checkout the next time they want to order it.
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.
The startup has already got presence in over 10-15 IT companies and IT Parks in Bangalore. It has more than 45,000 users on its android app currently and clocks over 1800 transactions daily. It is witnessing a growth of 50% every month. The funds raised in this round will be used to develop and deploy technology for verticals like amusement parks and retail, targeting a market size of more than $100 billion.