Restaurant management platform TabSquare founded by Indian entrepreneurs has raised $10 million in Series B funding round led by Japanese online shopping company Kakaku. CocoCola Amatil, and Resorts World Inc.
The existing investor of the Singapore-based startup Walden International also participated in the round.
A portfolio company of Mumbai Angels Network partner, and Calcutta Angels Network, TabSquare will deploy the latest proceed towards enhancing its AI-powered tech solutions and increasing its footprint across the Asia Pacific including Australia, Indonesia, Malaysia, Singapore, and Thailand.
Launched in 2012 by Chirag Tejuja, Sankaran Sreeraman, and Anshul Gupta, TabSquare allows restaurants to offer tablet menus through its flagship product–SmartTab. Customers can use it to order, redeem promotions, and pay,
Through its another product called TabSquare Nucleus–a cloud-based data warehouse and analytics engine, it allows restaurant owners to update the menu in real time as well as provide data analytics to understand consumer behavior and spending patterns.
TabSquare’s solutions currently collect over 30 million customer interaction data points on a monthly basis. According to the company’s press statement, it currently has 6,000 active terminals in the region, serving over 12 million diners annually
The company’s clients include Minor Food Group, Sushi Tei, Paradise Food Group, Japan Foods Holding, Zingrill Holdings, and several others in the APAC region.
TabSquare had received its seed funding from Calcutta Angels Network and scooped up $2.6 million in Series A round led by Walden International.