Tiger Global, Sequoia India lead Series A round in UrbanPiper1 min read . Updated: 16 Oct 2019, 08:46 AM IST
- UrbanPiper’s core offering seeks to provide integration between restaurant point-of-sale systems and food delivery partners, the statement said
- Bengaluru-based startup has around 70 employees at present
Bengaluru: Software-as-a-service startup UrbanPiper has raised $7.5 million in a Series A round led by Tiger Global along with Sequoia India. Existing investor Axilor also participated in the round, UrbanPiper said in a statement.
The funds will be deployed to scale the team, product suite and for international expansion.
In March last year, UrbanPiper had raised an undisclosed amount in a pre-series round of funding from Axilor and Zoho co-founder Kumar Vembu.
UrbanPiper’s core offering seeks to provide integration between restaurant point-of-sale systems and food delivery partners, the statement said.
Saurabh Gupta, chief executive officer and co-founder of UrbanPiper told Mint, over the phone, “We are planning to build more offerings to help restaurants optimise their online presence, and to help them grow online."
The Bengaluru-based startup has around 70 employees at present, and will increase its headcount to 200 by May next year, he said. Gupta added that the company is looking to expand its presence in South East Asia, Australia and West Asia.
“UrbanPiper is helping restaurants reduce costs and improve connectivity with diners and food delivery platforms," said Scott Shleifer, Partner, Tiger Global Management, in the statement.
“UrbanPiper is a classic case of right product at the right time and goes on to validate the fast growing demand for tech products in the domestic market," said Ganapathy Venugopal, co-founder and chief executive officer of Axilor Ventures.