Mobile POS Startup QueueBuster Raises Rs 63.3 Cr In Series A Funding
QueueBuster POS, a Noida-based mobile POS startup, has raised Rs 63.3 crore (~$8.16 million) in a Series A funding round led by Chiratae Ventures, Omidyar Network India, and Flourish Ventures.
The funding round also saw participation from DMI Alternative Investment Fund (the Sparkle Fund) and Unaprime Investment Advisors (an exclusive banker to QueueBuster).
As per the startup, the raised funds will be used to drive merchant growth, product enhancements, and scaling of distribution networks. Additionally, the startup will focus on merchant growth, product enhancements, and scaling of its distribution network.
QueueBuster | Mobile POS Solution For All Kinds Of Businesses
Founded by Varun Tangri and Arun Tangri, QueueBuster is a full-stack mobile POS application to manage billing, inventory, khata (daily ledger), online dukaan, and customers and loyalty programmes all from a single application.
The app enables merchants to manage their entire business operations with ease. Its aim is to reach at least 10 million merchants by the year 2025.
Speaking about the development, Amol Warange, Director, Omidyar Network India, said,
“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 digitising world, QueueBuster is helping these small merchants digitise business-critical processes, thereby increasing the efficiency of their day-to-day operations.”
The Noida-based mobile POS startup is designed for a wide range of businesses from Kirana and retail, to restaurants and fashion and apparel, to automobiles and more. It runs on all android devices, including the recently introduced android-based credit/debit card swiping machines.
As per TCM Sundaram, Founder and Vice Chairman, Chiratae Ventures, QueueBuster has developed a very comprehensive solution for MSMEs in terms of features, user experience and cost-effectiveness.
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