#Asia Brief: Point-of-sale system for restaurants eats up 6-figure round


Reza Razali, CEO and co-founder of Slurp. Photo credit: Slurp.

Slurp is a cloud-based point-of-sale (POS) system for food and beverage retailers in Malaysia. Since its launch in 2015, the startup has evolved from providing POS hardware and software to offering expanded business solutions for F&B operations. These solutions include inventory management, data analytics to monitor performance, and an open API, which allows F&B retailers to connect to various partners.

Competitors: iChef , Toast , Xilnex, Ebizu, StoreHub, Sispos, Revel, Lightspeed

How it compares to competitors: While some local POS players focus on offering a one-size-fits-all product, Slurp aims to cater only to the F&B retail outlets, in effect allowing it to offer more tailor-made solutions.


More than 500 F&B outlets in various cities in Malaysia have used Slurp. The startup claims to have a user retention rate of 80 percent.

Funding details

Amount raised: US$582,000
Funding stage: Series A
Lead investor: Axiata Digital Innovation Fund, which is managed by Intres Capital Partners Sdn. Bhd.
Investment type: Equity
Purpose: To accelerate growth for the firm’s mobile point-of-sale system in Malaysia
Total disclosed funding to date: US$582,000

Converted from Malaysian ringgit. US$1 = RM 4.3.


This post Brief: Point-of-sale system for restaurants eats up 6-figure round appeared first on Tech in Asia.

from Startups – Tech in Asia http://ift.tt/2waCecv

This entry was posted in #Asia by Startup365. Bookmark the permalink.

About Startup365

Chaque jour nous vous présenterons une nouvelle Startup française ! Notre pays regorge de talents et d'entrepreneurs brillants ! Alors partons à la découverte des meilleures startup françaises ! Certaines d'entre elles sont dans une étape essentielle dans la vie d'une startup : la recherche de financement, notamment par le financement participatif (ou crowdfunding en anglais). Alors participez à cette grande aventure en leur faisant une petite donation ! Les startups françaises ont besoin de vous !