Bootstrap Aspiring Food App Raising Funds In Bangalore
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Product / Service
They are in the startup phase, with a long-term vision to become a major player in the food, service, and delivery industry. In Phase 1, they are launching a QR code ordering and management system for restaurants and cafes, similar to Petpooja, to build their user base.
Clientele type
Phase 1: The focus is on restaurant and cafe owners.
Phase 2: The service will expand to include product-based shops, allowing regular customers to place orders for various items.
Premises
They are working remotely
Asking Price Includes
Stake to be discussed with interested parties
Asking Price
INR 50.00 L
Minimum ticket size
INR 10.00 L
Reason
To fully implement Phase 1, they need to acquire the necessary hardware and are seeking funds to support this setup.
Other Details
Their initial focus on restaurants will build a strong user database and allow these businesses to market directly to their customers or, for a small fee, to their entire customer base. This strategy is designed to disrupt the current market, including existing food service and delivery apps.
By offering a small promotional discount, they aim to attract users to their app, setting the stage for Phase 2. In this phase, they plan to expand their services to include product-based shops, enabling everyday consumers to order items directly.
To ensure Phase 1's success, they require robust technology, including both software and hardware for billing systems. While their tech team can develop the necessary software, they lack the funds for the hardware component. They are seeking an investor to help them become India’s leading brand in restaurant food.
Business Tags
₹10 to ₹200 Cr
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