Bangalore-based SmartQ, which provides digitisation services for food courts and cafeterias, today announced that it has raised close to $1 million from an investor group, led by a consortium of Dubai-based investors.

Existing investor YourNest also participated in this round.

The foodtech startup intends to use the funds to expand in India and globally, strengthen the team. It also plans to roll out new products.

Additionally, Anvita Varshney, former Managing Director of Lazada group, has joined as the Board of Advisors for SmartQ.

Founded in 2014 by Krishna Wage and Abhishek Ashok, SmartQ provides integrated digital cafeteria experience across different sectors, including corporates, malls, multiplexes, stadiums, hospitals and colleges. It transforms any conventional cafeteria into one that is completely digital and cashless.

By offering completely customised 360-degree digital cafeteria solutions with multiple ordering channels like mobile application and automated billing kiosks, SmartQ helps in improving consumers’ experience while saving their time and cost.

SmartQ claims it has been growing 50 per cent month-on-month and clocks over 1,00,000+ transactions every day.

The post SmartQ, which enables conventional cafeterias to go digital, raises $1mn funding appeared first on Startagist.