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Other co-investors are Infocomm Investments, Phillip Private Equity and Ivan Lee’s investment vehicle Raging Bull

TabSquare, a Singapore-based startup that offers cloud-based operations management and customer engagement platform for the food & beverage (F&B) industry, has raised S$3.5 million (US$2.6 million) in Series A round of funding, led by Walden International.

Other investors who co-invested in the round are Infocomm Investments, Phillip Private Equity and serial investor Ivan Lee’s investment vehicle Raging Bull.

The startup was founded by three INSEAD graduates Anshul Gupta, Chirag Tejuja and Sankaran Sreeraman.

TabSquare offers an integrated restaurant management and customer engagement technology platform that makes each customer interaction more meaningful, efficient and profitable. It is focused on solving the more critical pain points that are core to a restaurant’s profitability and which impact 90 per cent of the restaurant revenues.

With TabSquare SmartTab, restaurant owners can offer a customised tablet menu on every restaurant table where customers can view dishes, get recommendations, place orders, redeem promotions and even pay their bills, without waiting for the waiter. Its SmartApp allows the restaurant to build their business beyond the physical store and delivers the seamless customer interaction even when the customers are at their office or home.

TabSquare Nucleus, the cloud-based data warehouse and analytics engine, allows restaurant owners to update the menu on-the-fly as well as provide data analytics to understand consumer behavior and spending patterns; thereby improving the restaurant’s efficiency and profit margins.

The startup currently works with leading brands including Far East Hospitality, Food Theory Group, Global Retail Partners, Japan Foods Holding, Nihon Mura, Bistro 1855, Wala Wala group.

Image Credit: Shutterstock

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