QueueBuster raises Rs 63 Cr in fresh round
Mobile-based point-of-sale (PoS) startup, QueueBuster has raised Rs 63 crore or $8.16 million as a part of its fresh funding round led by Chiratae Ventures, Omidyar Network India and Flourish Ventures.
Alternative Investment Fund DMI Sparkle Fund and Unaprime Investment Advisors also participated in the round.
According to QueueBuster, it will utilise the funds to focus on merchant growth, product enhancements and scaling of its distribution network.
Founded in 2016 by Varun Tangri, QueueBuster is a full-stack mobile PoS application provider, which helps businesses to manage billing, inventory, daily ledger, and customer loyalty programs from a single application.
The startup claims to have processed over 1.1 million invoices worth over Rs 130 crore in May 2022. So far, they have recorded more than 12 million invoices worth over Rs 1000 crore on their app since January 2021.
QueueBuster POS seems to be a captivating startup with inspiring new development on software development platform. I’m certain this startup would keep on succeeding in its excursion ahead. All the best to the whole group of QueueBuster POS. This will give them an enormous achievement in the future.Shishir Gupta, Founder and CEO, StartupLanes
Don’t keep wondering about funding, you can also raise funds. Learn how to raise funds here: Yes I want to raise funds.
If you are an emerging startup and are looking for investors to raise funds, StartupLanes has its own angel network and investment banking services and is connected to angel investors and VCs in 15 countries that ensure that our member startups have easy access to external funds to scale up constantly.
You can subscribe to our news posts by entering your email in the box on the right side of this page.
Check out our YouTube channel for insightful content from the Indian startup ecosystem.
The right investment is key to beating inflation and growing your wealth. Do you wish to become an angel investor? Yes, I want to be an angel investor.
Are you a startup and facing challenges in your business? Do you want to grow your business? It is not as difficult as it sounds. Learn how to grow your business here- Yes, I want to grow my business.