SmartQ (Bottle lab technologies Pvt. Ltd) which is a tech-driven innovation lab focused on solving the queue problems, has recently, been funded $1million by an association of Dubai based investors.
The company founded by IIM and IISc alumnus currently are operating in major IT parks of India, and are planning on expanding their corporate Cafeterias, QSRs (Quick service restaurants), Cinema theatres wherever there is a queue problem.
The existing investor YourNest will also be participating in the round.
The funds raised will allow many employment opportunities for young talented youths as the company intends to expand its business within India and across International boundaries.
"The funding has enabled all of us at SmartQ to take the organization to the next level of strategic growth and further scaling up on technology, talent and brand building in full swing," said SmartQ Co-founder and CEO Krishna Wage.
The motive is to eliminate queues, minimize wait time and increase collaborative worktime further making food court and cafeteria’s a better experience for the employees.
With claiming to be growing 50% month-on-month and clocking over 1 lakh transactions per day, the digital cafeteria platform of SmartQ includes mobile application, automated billing kiosks, centralized billing system, NFC prepaid cards and POS software among others.
In today’s fast growing world SmartQ is making life easier by transforming a conventional cafeteria into a completely digital and cashless experience.
Similar to SmartQ, there are HungerBox (currently serving 110+ cafeterias) and Zeta, digitizing existing cafeterias in the corporate organizations.