33.6 C
Singapore
Monday, June 1, 2020
- Advertisement -

Singapore F&B tech startup receives Nest Tech investment

|

|

Reading time: < 1 min read

|

|

Reading time: < 1 min read

Venture capital fund, Nest Tech, has invested an undisclosed sum in Singapore food and beverage technology startup, Waitrr, in its pre-series A round.

This investment will help Waitrr expand its operations in Southeast Asia, particularly in Vietnam and Myanmar, given the VC’s presence in those countries.

Founded in 2015, the startup claims to have partnered with over 200 restaurants in Singapore and works with F&B outlets like The Daily Cut, Guzman y Gomez, and Da Paolo Gastronomia to improve their takeaway and dining service. Their food-ordering app allows restaurants to offer automated order-taking and payment processing which helps to increase floor staff efficiency by 40 percent and table turnover rates by 20 percent on average.

The startup is already working with Nets and OCBC, to allow app users to pay for orders with NetsPay and OCBC Pay Anyone.

This deal marks Nest Tech’s third investment in Singapore and its debut in the F&B tech space.

- Advertisement -
Felicia Calle
Felicia Calle
Australia | Felicia's fascination with tech began in the 90s, and she loves to update readers on the best tech deals on the internet. When she’s not writing, you’ll find her travelling around the world.
- Advertisement -

People also Reading

Top 5 Games You Must Play in 2017!

2017 might not have ended, or been the best year on record, but it was a fantastic year for mobile games, with plenty of...

Singapore’s BandLab Technologies to acquire British music publications NME and Uncut

Singapore's music tech company, BandLab Technologies, has announced its acquisition of NME and Uncut from London-based TI Media. This is a year...

A Singapore-based collectible startup, Mighty Jaxx raises US$3.2M to close pre-Series A round

Mighty Jaxx, a collectible toy designer, has bagged an additional US$3.2 million (S$4.5 million) to conclude its pre-Series A funding round, the...
- Advertisement -
Send this to a friend