Food-tech company SmartQ has raised $1 million from a group of Dubai-based investors. The round also saw participation from the existing investor YourNest. As part of the funding, Anvita Varshney former MD of Lazada group, has joined the board of advisors at SmartQ.
SmartQ offers digital cafeteria solutions to eliminate queues, minimise wait time and offer a better experience. The platform includes mobile application, automated billing kiosks, centralised billing system, near field communication prepaid cards, POS software etc.
The company clocks over 1 lakh transactions every day and has been growing 50 per cent month-on-month. It counts companies like Shell and Epsilon amongst its clients.
SmartQ intends to use the raised funds to bolster its efforts in growing business outside India.