QueueBuster POS is a Noida-based company that has raised Rs 63.3 crore in a Series A funding round which was led by various investors.
The list of investors includes Omidyar Network, Chiratae Ventures, and Lourish Ventures.
The startup is focused on utilizing the fresh funding capital in the following ways:
- In merchant growth,
- Product enhancements, and
- Scaling of its distribution network.
With the help of the QueueBuster, the merchants can easily manage their entire business operations. QueueBuster POS has a motive to reach at least 10 million merchants in the upcoming years.
QueueBuster POS was founded by Varun Tangri in the year 2016. QueueBuster is a full-stack mobile POS application that manages billing, inventory, daily ledger, online dukaan, and customers from the application.
The application is specially designed for Kirana and retailers, restaurants and fashion and apparel, to automobiles, and more.
The startup claims to have over 20,000 merchants.
Varun Tangri’s company processed over 1.1 million invoices worth over Rs 130 crore in May 2022. The startup has recorded more than 12 million invoices worth over Rs 1,000 crore since January 2021.
EXECUTIVE OPINION:
TCM Sundaram, Founder and Vice Chairman, Chiratae Ventures, said, "QueueBuster team has over 8 years of experience in the Android POS industry. They have developed a very comprehensive solution for MSMEs in terms of features, user experience, and cost-effectiveness. Their resolve to provide the best after-sales support to the MSMEs will be a cornerstone to success in the MSME market."
“Our investment in QueueBuster aligns with our investment thesis to empower merchants of all scales and sizes to benefit from the fast-growing digital economy,” said Harsh Gupta, an investment associate at Flourish Ventures.
