UrbanPiper raises $24 mn from Swiggy, Zomato & others
UrbanPiper raises $24 mn from Swiggy, Zomato & others

Restaurant management platform UrbanPiper has raised $24 million led by existing investors Sequoia Capital India and Tiger Global, and new investors including Swiggy and Zomato.

It aims to use the funds to scale its product and engineering teams and looks to expand to more than 200,000 restaurant locations globally in the next two years.

"With this investment, we will continue to widen UrbanPipera's offerings to meet many more digital opportunities in the restaurant ecosystem, along with bolstering our platform capabilities," said Saurabh Gupta, CEO, UrbanPiper.

UrbanPiper clientele includes brands like McDonald's, Pizza Hut, KFC, Subway, Cure Foods, Taco Bell, Rebel Foods among others.

It currently processes over 18 per cent of all online food orders placed each month in India, and has achieved 10 times growth over the past two years, shared a company statement.

"UrbanPiper is one of our key partners enabling us to seamlessly engage with restaurants and scale faster through their point-of-sale solutions," added Sriharsha Majety, CEO, Swiggy.

Other investors also participated in the round, including Pankaj Chaddah (Shyft), Ankit Nagori (Curefoods), Saahil Goel and Vishesh Khurana (Shiprocket), Khadim Bhatti and Vara Kumar (Whatfix), among others.

"Sequoia Capital India is excited to deepen the partnership with the UrbanPiper team as they build further on their mission to empower restaurants globally, and welcome Zomato and Swiggy to this partnership," pointed Shraeyansh Thakur, Principal, Sequoia India.

UrbanPiper plans to increase its headcount in the country to more than 250 in the next year.

 
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