QueueBuster, a Noida, India -based mobile-based POS application, has raised Rs 63.3 crore (about $8.16 million) in a Series A round.
The round was led by Chiratae Ventures, Omidyar Network India, and Flourish Ventures. This round was also attended by DMI Alternative Investment Fund (the Sparkle Fund) and Unaprime Investment Advisors (QueueBuster’s exclusive banker)
The company will use the funds to focus on merchant growth, product enhancements, and scaling of its distribution network
Company: DPD Technologies Private Limited
Round: Series A
Funding Month: JUNE 2022
Lead Investors: Chiratae Ventures, Omidyar Network India, and Flourish Ventures
Additional Investors: DMI Alternative Investment Fund, Unaprime Investment Advisors
Company Website: https://queuebuster.co/
Software Category: Mobile POS Solution
About the Company: Founded in 2016 by a team of second-time entrepreneurs led by Varun Tangri, QueueBuster is India’s business super app. It is a powerful Android-based Mobile POS application for all kinds of businesses. From large format retail stores to small carts and kiosks, QueueBuster has everything that you need to run your business with ease. With features like Billing, Inventory, Khata, Online Dukaan, Customers, and Loyalty, it is the most sought-after solution for SMBs and MSMEs.