Total amount raised
$39.2 Million
Latest funding date
4/1/2022
Location
UrbanPiper has successfully raised funding through 5 rounds, attracting the support of 16 investors, including notable names like Peak XV Partners and Tiger Global Management. The platform offers a comprehensive SaaS solution for restaurants to manage both online and offline business operations efficiently.
Keep reading to explore the intricacies of UrbanPiper's fundraising journey and the investors backing this innovative platform.
What Is UrbanPiper?
UrbanPiper, based in Bengaluru, Karnataka, India, operates within the food and beverage, information services, information technology, restaurants, and SaaS industries. The company specializes in providing POS integrations to help restaurants manage their online and offline business operations efficiently.
Founded by Khadim Batti and Varakumar Namburu, UrbanPiper has grown to employ between 251-500 people. The platform is trusted by over 45,000 restaurants globally, offering solutions like Hub, Prime POS, and Meraki to streamline restaurant operations and improve efficiency.
How Much Funding Has UrbanPiper Raised?
- Series B
- Amount Raised: USD 24,000,000
- 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, enhance platform capabilities, and expand service offerings to restaurants.
- Corporate Round
- Amount Raised: USD 5,000,000
- Date: January 2022
- Lead Investors: Zomato
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To strengthen strategic partnerships and expand market reach.
- Series A
- Amount Raised: INR 680,000,000
- Date: October 2019
- Lead Investors: Peak XV Partners, Tiger Global Management
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop and expand the platform's initial capabilities and market reach.
- Seed
- Amount Raised: USD 459,209
- Date: March 2018
- Lead Investors: Kumar Vembu
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support early-stage development and market entry.
- Seed
- Amount Raised: USD 193,000
- Date: December 2016
- Lead Investors: Axilor Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart the company's operations and initial product development.
Total Amount Raised: USD 29,652,209. Current Valuation: Not publicly disclosed.
Key Investors
- Peak XV Partners
- Details: Peak XV Partners is a venture capital firm that invests in high-growth companies. They have been a lead investor in UrbanPiper's Series B and Series A funding rounds.
- Investment Focus Areas: Technology, consumer, healthcare, financial services.
- Notable Investments: BYJU'S, OYO, Freshworks.
- Tiger Global Management
- Details: Tiger Global Management is an investment firm focusing on public and private companies in the global Internet, software, consumer, and financial technology industries. They have been a lead investor in UrbanPiper's Series B and Series A funding rounds.
- Investment Focus Areas: Internet, software, consumer, financial technology.
- Notable Investments: Flipkart, Ola, LinkedIn, Facebook.
- Zomato
- Details: Zomato is a global restaurant discovery and food delivery service that provides information, menus, and user reviews of restaurants. They participated in UrbanPiper's Series B and Corporate funding rounds.
- Investment Focus Areas: Food delivery, restaurant technology, logistics.
- Notable Investments: BlinkIt, Shiprocket, Magicpin.
- Swiggy
- Details: Swiggy is a leading food delivery platform in India that connects consumers with restaurants and food delivery services. They participated in UrbanPiper's Series B funding round.
- Investment Focus Areas: Food delivery, logistics, restaurant management.
- Notable Investments: Rapido, Supr Daily, Scootsy.
- Sequoia Capital India
- Details: Sequoia Capital India is a venture capital firm that invests in early and growth-stage companies across various sectors in India and Southeast Asia. They led UrbanPiper's Series B funding round.
- Investment Focus Areas: Technology, consumer, healthcare.
- Notable Investments: BYJU'S, OYO, Zomato, Freshworks.
What's Next for UrbanPiper?
UrbanPiper stands on the brink of significant growth, with plans to expand its footprint to over 200,000 restaurant locations globally. This ambitious goal is supported by the increasing digital transformation within the food and beverage industry, which presents a vast opportunity for the platform to integrate more restaurants and streamline their operations.
Future fundraising rounds are likely as UrbanPiper scales its product and engineering teams to enhance platform capabilities. The company’s strong investor backing, including major players like Sequoia Capital India and Tiger Global, indicates a promising path for securing additional funds to support its expansion.
However, challenges such as intense competition and the need to maintain seamless integration across various regions could pose hurdles. Navigating different regulatory environments and ensuring the platform's reliability will be crucial as UrbanPiper continues its growth journey.
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