SmartQ Raises Funds to Develop Technology and Expand

SmartQ is a smart app that allows its users to avoid long queues at the food court. The app digitalizes the entire food buying process, saving a lot of time and energy.
Founded in the year 2015, Smart Q is a Bangalore-based startup that lets its users to avoid long queues at the food courts in the malls and corporate office canteens for ordering food through its smart app. Recently, it raised a funding of an undisclosed amount in the pre-Series A round for developing technology and tapping the untouched market of Mumbai and Pune. The funding was led by YourNest Angel. Vijay Jumani, former CEO of BabyOye also participated in the funding. SmartQ facilitates its users to place the order at food courts and receive an alert when the food is ready. Krishna Wage and Abhishek Ashok are the co-founders of this startup.
SmartQ aims to solve the issue of uncertainty and delay of your food orders, especially when you are running out of time. It saves a lot of time, yours as well as the pickup counter’s since only within 20 seconds, you are able to order your food using the app.
As reported by news, the startup has already got its presence in over 10-15 IT companies and IT Parks in Bangalore including IBM, Wipro and Accenture. Currently, it has more than 45,000 users on its android app and clocks over 1800 transactions daily. It is witnessing a growth of 50% every month. By next year, it targets more than 1 million users.
Takeaways:
- Recently, it raised a funding of an undisclosed amount in the pre-Series A round for developing technology and tapping the untouched market of Mumbai and Pune.
- The funding was led by YourNest Angel.
- SmartQ aims to solve the issue of uncertainty and delay of your food orders, especially when you are running out of time.