Private Equity

VC Fund Investments

Merchants' billing & inventory mgmt app Queuebuster raises Rs.63-Cr from Chiratae, Omidyar, others

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Queuebuster, a Noida-based mobile point of sale (PoS) application targeted at merchants, has raised INR 63.3 crore from Chiratae Ventures, Omidyar Network India and Flourish Ventures. DMI Alternative Investment Fund (the Sparkle Fund) and Unaprime Investment Advisors (an exclusive banker to Queuebuster) also participated in the funding round. The company, founded in 2016, will use the funds to focus on merchant growth, product enhancements and scaling of its distribution network. The app helps merchants manage billing, inventory, ‘khata' (daily ledger), online shop and loyalty programmes for customers. It claims to have onboarded over 20,000 merchants, including neighbourhood shops and consumer food companies like HUL and ITC, recording more than 12 million invoices worth over INR 1,000 crore on the app since January 2021.