Bangalore based SmartQ, a mobile app that enables queue-less ordering at food courts in malls and corporate office complexes has raised Pre Series A round of funding led by YourNest Angel Fund. Vijay Jumani, Ex-CEO of BabyOye.com also participated in this round of funding.
SmartQ was founded in 2015 by Krishna Wage in partnership with Abhishek Ashok. Krishna is an alumnus of IIM Calcutta and Abhishek, an alumnus of IISC, is the CTO at SmartQ and has single-handedly developed the ecosystem for the app.
The Problem And The Solution
SmartQ aims to solve the everyday problem of uncertainty and delays over food ordering in food courts frequented by thousands of consumers every day. The app enables users to order food from a service outlet in a food court within 20 seconds and get an alert when the food is ready to be picked up, thereby eliminating the queues at both the PoS and pickup counters.
Consumers face huge issues when they have to stand in long queues during meal times at office complexes, or peak times at malls. The growing number of such office premises which house thousands of workforce, and the increasing density of malls in every town, point to a high number of consumers flocking at food courts, potentially reducing the overall dining experience. SmartQ was launched to solve these wooes of the customers and those of the food court restaurant.
The company has also tied up with mobile wallets like PayUMoney and Paytm to enable swift cashless transactions for its users. The company charges a commission for every order serviced by its platform.