Sminq raises $1 million from Saama, others1 min read . Updated: 15 Jun 2016, 02:10 AM IST
The funding was led by Saama Capital with participation from Blume Ventures and an angel investor
Mumbai: Sminq India Solutions Pvt. Ltd, a Pune-based company that helps users avoid queues, has raised $1 million. The funding was led by Saama Capital with participation from Blume Ventures and an angel investor.
Suresh Shanmugham, managing director of Saama Capital, will join Sminq’s board. Sminq was founded in 2015 by Shachin Bharadwaj, Sheldon Dsouza and Santhosh N., also the founders of TastyKhana, a food ordering company that was acquired by Foodpanda in 2014.
Sminq is looking to use the funds to strengthen its technology and sales teams. The company is looking to target ₹ 20-25 lakh in revenue by the end of the current fiscal year.
The company allows users that book appointments with doctors through its mobile app to predict the waiting time for consultation. It has tied up with around 42 clinics in Pune and is looking to partner with a total of 100 clinics over the next one year. “We are also looking to provide the same solutions across different verticals like spas, salons, car and bike service stations by the end of the next quarter," Bharadwaj said. The company charges clinics around ₹ 2,000-5,000 per month for the listing.
Users can also book appointments over the phone, clinics that subscribe to Sminq’s services provide updates to users through text messages. The company charges a transaction fee from the clinics.