Total amount raised
$39.2 Millions
Latest funding date
4/1/2022
Location
UrbanPiper has successfully raised significant funding through multiple rounds, with notable investors backing its growth. The platform offers comprehensive POS integrations to streamline online order management for restaurants.
Keep reading to delve into the details of UrbanPiper's funding journey and the key investors supporting this innovative solution.
What Is UrbanPiper?
UrbanPiper, founded in April 2016, is a SaaS platform based in Bengaluru, Karnataka, India. The company was established by Anirban Majumdar, Manav Gupta, and Saurabh Gupta.
UrbanPiper provides a comprehensive solution for restaurants to manage their online and offline operations. Their platform integrates with various food delivery services, allowing restaurants to streamline order management and improve efficiency.
With a team of 251-500 employees, UrbanPiper continues to innovate and support over 35,000 restaurants globally, offering products like Hub, Prime POS, and Meraki.
How Much Funding Has UrbanPiper Raised?
- Seed Round
- Amount Raised: $193K
- Date: December 2016
- Lead Investors: Axilor Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart the development of UrbanPiper's platform and initial market entry.
- Seed Round
- Amount Raised: $459.2K
- Date: March 2018
- Lead Investors: Kumar Vembu
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop the platform and expand the customer base.
- Series A
- Amount Raised: ₹680M
- Date: October 2019
- Lead Investors: Peak XV Partners, Tiger Global Management
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support the initial growth and development of UrbanPiper's platform and services.
- Corporate Round
- Amount Raised: $5M
- Date: January 2022
- Lead Investors: Zomato
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance strategic partnerships and expand service offerings.
- Series B
- Amount Raised: $24M
- Date: April 2022
- Lead Investors: Peak XV Partners, Tiger Global Management
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale product and engineering teams, strengthen platform capabilities, and expand globally.
Total Amount Raised: $29.652M
Current Valuation: Not publicly disclosed
Key Investors
- Peak XV Partners
- Details: Peak XV Partners is a venture capital firm that invests in early-stage and growth-stage companies. They have a strong presence in the technology and consumer sectors.
- Investment Focus Areas: Technology, consumer, healthcare.
- Notable Investments: Byju's, Swiggy, OYO.
- Tiger Global Management
- Details: Tiger Global Management is an investment firm that focuses on public and private companies in the global Internet, software, consumer, and financial technology industries. They are known for their aggressive investment strategy in high-growth companies.
- Investment Focus Areas: Internet, software, consumer, financial technology.
- Notable Investments: Facebook, LinkedIn, Flipkart.
- Zomato
- Details: Zomato is a global restaurant search and discovery service that provides in-depth information for over a million restaurants across 24 countries. They have expanded their services to include food delivery and restaurant technology.
- Investment Focus Areas: Food delivery, restaurant discovery, dining out.
- Notable Investments: BlinkIt, Shiprocket, Magicpin.
- Kumar Vembu
- Details: Kumar Vembu is an individual investor known for his investments in technology startups. He has a background in software development and entrepreneurship.
- Investment Focus Areas: Technology startups.
- Notable Investments: Specific companies not listed.
- Axilor Ventures
- Details: Axilor Ventures is an early-stage venture capital firm that supports startups through funding and mentorship. They focus on accelerating the growth of innovative companies.
- Investment Focus Areas: Technology, innovation, early-stage startups.
- Notable Investments: FreshToHome, HealthifyMe, Portea Medical.
What's Next for UrbanPiper?
UrbanPiper stands at the cusp of significant growth, with plans to expand its reach to over 200,000 restaurant locations globally. The company aims to enhance its platform capabilities and broaden its service offerings, capitalizing on the increasing digital transformation within the restaurant industry. This expansion is set to cover regions like India, MENA, and the EU, promising substantial market penetration.
Future fundraising opportunities appear promising, with continued interest from major investors like Sequoia India, Tiger Global, Swiggy, and Zomato. These funds will likely support UrbanPiper's ambitious scaling efforts and technological advancements. However, the company may face challenges such as intense competition, managing rapid growth, and ensuring seamless integration with various food aggregators and POS systems.
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