Its very interesting to see two food rivals have join their hands and invested commonly in a startup. They have funded in new restaurant management app Urbanpiper.
Urbanpiper has raised $24 million in a Series B funding round, led by its existing investors Sequoia Capital India, Tiger Global and new investors Swiggy and Zomato.
Zomato & Swiggy Invest in UrbanPiper’s Funding
This six year old startup processes 18% of online food orders in India and on monday Swiggy & Zomato have invested $24 million in another round of funding with their existing investors.
Angle investors participated in the funding round are Pankaj Chaddah, Saahil Goel, Vishesh Khurana, Ankit Nagori, and Vara Kumar.
Many online food vendors get online orders from multiple apps and it becomes very hefy for restaurant owners manage order flow & inventory. Here Urbanpiper helps them in managing thier inventory & order flow for smooth operations.
On an average this startup processes 14 million orders a month which is quite huge in number.
Functions & roles
Big food chain giants like Mcdonald’s, KFC, Pizzahut, subway, tacobell and others are using urbanpiper to manage their orderflow & are a part of urbanpiper’s customer base.
This startup is not just operating in India they are also operating in seven nations outside India.
If you loved reading this news article feel free to share this on your social media.