Betterplace Raises $10 Mn in Series B Funding from Singapore based Jungle Ventures

Betterplace, India's largest blue collar workforce management platform, raises $10m in Series B funding from Singapore based Jungle Ventures

• Round led by Jungle Ventures with participation from existing investors - Unitus
• Ventures, 3One4 Capital and Venture Highway
• Funds will be utilized to scale the platform and expand business operations in India and overseas markets
• Today Betterplace is digitally serving more than 2 Mn workers across 1,000+ enterprises annually

(L-R) Betterplace co-founders Saurabh Tandon and Pravin Agarwala 


Betterplace, India's largest tech platform delivering digital solutions for blue collar workforce management throughout the entire value chain, has raised $10 million in a Series B round led by Jungle Ventures and a total of $16 million since its inception. Existing investors, Unitus Ventures, 3One4 Capital, and Venture Highway also participated in the round.

Launched in 2015, Betterplace addresses the $30 Bn India opportunity of blue-collar workforce management, impacting over 450 Mn people. Through its data-driven, tech platform, Betterplace uniquely fulfills the requirements of both enterprises and the workforce in this fragmented and underserved ecosystem.

For enterprises, it offers a seamless end-to-end workforce management system with its inbuilt proprietary digital tools and services which provide employers a ready resource pool to hire from, completely automated onboarding with inbuilt compliance, touchless attendance management, real-time visibility in resource utilization, one-click payroll management and much more. For the workforce, Betterplace offers a rich employee engagement platform that gives access to a variety of upskilling, financial support and medical benefits program. Today Betterplace is proud to partner with enterprises such as Amazon, Zomato, Flipkart, Accenture, L&T, Mahindra Logistics, and over 2million blue-collar workforce annually.

With this fundraise, the company will continue to deliver innovative products, build its presence in new business verticals, expand its footprint in the SME sector, and grow internationally. Betterplace will also be scaling its Hire-Engage-Manage digital solutions which connect over 150 Mn blue collar workforce with the growing hiring needs of enterprises.

Joining the board of the company, Anurag Srivastava, Founding Partner at Jungle Ventures, says, "The global blue collar workforce space is expected to be $455 Bn opportunity globally by 2023 and we are very excited to partner with Betterplace on this journey with them. We look forward to working with the team and help them to expand in India and South East Asia".

Pravin Agarwala, Co-founder CEO, Betterplace, says, "The blue collar ecosystem is undergoing massive digital transformation and the ongoing pandemic has accelerated this adoption. We are onboarding more than 150k people digitally every month and aim to serve 2000 enterprises and a 3 million workforce by the end of this financial year."

About Betterplace

Betterplace, India's largest tech platform for blue-collar workforce management founded in 2015 works with more than 1000 companies in India to meet the aspirations and needs of the blue collar workforce, with the objective to organize the hiring, managing and engaging model coupled with the vision to improve their livelihood. Betterplace customers are present across blue collar heavy industries such as Private Security, Logistics, Facility Management, IT/ITES, On-Demand Services, Retail, Construction and more.

Betterplace's SaaS platform enables employers to manage the entire life cycle of their blue collar workforce by providing them services such as Hiring, Assessment of job seekers, Digital onboarding, KYC, Training, Attendance management, Payroll,Compliance and more, while helping blue collar employees get trained and up-skilled, with access to financial and healthcare services. Since its inception, Betterplace has helped empower over 8 million people and aims to bring 150 million workers into the formal economy by 2025.

Jungle Ventures' third VC Fund gets $175 Mn from Temasek, IFC, Cisco and Others

Singapore based Venture Capital (VC) firm, Jungle Ventures, that invests in and helps build tech category leaders from Asia, has received commitments of around $175 million for its third VC fund, said a report by Livemint.

According to the report, about 90% of the $175 million of third VC fund, which may increase to $220 million, came from institutional investors in North America, Europe, the Middle East and Asia, which include International Finance Corporation (IFC) of World Bank group, DEG - Deutsche Investitions, Germany, Cisco Investments, and Temasek Holdings among others.

Jungle Ventures, which has recently invested in Singapore's TookiTaki, has raised a total of $275 Mn across two VC funds. The third, Jungle Ventures III, was announced in December last year.

Founded in 2012, by Anurag Srivastava (IIM-Calcutta) and Amit Anand (IIT-Kanpur), Jungle Ventures invests in technology and e-commerce start-ups in India and south-east Asia. The firm later on-boarrrded Jayesh Parekh, the co-founder of Sony Entertainment Television, and David Gowdey, the former operating partner at private equity firm TPG Growth. In July last year, Grace Xia, Tencent’s former senior director of strategy & development, joined Jungle Ventures as a principal.

From its third fund, Jungle Ventures has already made 5 new investments where it led Series A & Series B rounds, said the report. Each year, the firm invests in around 10-15 tech startups and software companies, specifically across Series A and B rounds.

In India, some of the recent investments of Jungle ventures include Livspace, Paysense, Moglix and Klinify among others. The funds’ last 8 investments globally in Southeast Asia have collectively reached over $500 Mn.

Vayana Networks Bags $4 Mn Funding From Jungle, IDG Ventures

Venture capital firms IDG Ventures India and Jungle Ventures has invested about 26 crores ($4 million) in Vayana Networks, a financial services company that has recently split from its parent company Vayana (VPL). VPL, one of the selected GST Suvidha Providers company investors includes Mukesh Ambani's Reliance Industrial Investments and Holdings which are company’s shareholders as well.

The company plans to utilise funds towards market development activities and to enhance its GST-related services. This service will help suppliers and buyers match invoices through their product VICAS (Vayana Invoice Confirmation and Acceptance Services). Further, the firm will also work with closely with its parent company to route invoices to the GST Network portal.

Commenting on the development, TC Meenakshisundaram, Managing Director, IDG Ventures told ET, "At Vayana all the parties including buyers, sellers and funders are on the same platform. Also, the loans are made by lenders and not through the balance of Vayana, so the company does not take any risk."

Headquartered in Chennai, Vayana Network was founded in May 2017. Based in Pune, the firm was formed by a slump purchase of the business from VPL. The firm provides a digital platform for short-term trade financing. The platform enables corporates to set up programs with financial institution to help their sellers or buyers to finance purchases or sales.

As per the report, Vayana Network has partnered with 5 banks and 4NBFCs. Further, till date they have facilitated 4,000 crores of financing, working with 180 corporates for their supply chain across 15 industries.

Earlier in May 2017, Jungle Ventures had invested $5.3 million in Series A round in PaySense, a digital credit platform. Prior to this in January 2017, the venture firm has invested in Gurgaon-based Wydr, a mobile B2B marketplace.

Whereas Tech-focused venture capital firm IDG Ventures India (IDGVI) had recently launched the 2017 Innovation Program, #IDGIP2017 to reach out to mushrooming startups across its core sectors of consumer tech, software, healthtech and fintech products space. In May 2017, EarlySalary, a fintech startup that offers salary advances and instant cash loans had raised Series A funding of $4 Million from IDG.

Moglix Raises $12 Mn In Series B funding From IFC, Rocketship, Others

B2B e-commerce startup, Moglix has announced closing of Series B round of funding at $12 million. The round saw participation from International Finance Corporation (IFC), a member of the World Bank Group and Rocketship.vc, along with Moglix’s existing investors Accel Partners, Jungle Ventures, Shailesh Rao, ex-VP Twitter and Google and Venture Highway advised by Neeraj Arora of Whatsapp.

Moglix is also backed by Tata Sons’ Chairman Emeritus Ratan Tata since its inception, as his maiden investment in B2B e-commerce domain.

The company plans to use funds to support the strong demand for Moglix’s robust technology solution in supply chain and manufacturing domain, infrastructure growth and geographical expansion plans.

Manufacturing sector in India is the least digitised industry compared to other sectors in India. Today, barely 2-3% of manufacturing units are using digital platforms in their supply chain management. With this investment, Moglix is looking to propel digital revolution of India’s manufacturing sector with its integrated digital supply chain solution and aiming to launch in 3 more cities in India apart from its current presence in Delhi NCR, Pune and Chennai.

Commenting on the development, Pravan Malhotra, Head Asia Internet Investments, IFC, said, "Moglix’s client satisfaction, innovation, strength of management and expansion are redefining the B2B e-commerce market. We are excited to partner with the company as they embark on the path of rapid growth and success.”

Founded in 2015 by Rahul Garg who was previously the Head of Advertising Exchange at Google Asia, Moglix is led by a group of young and motivated individuals passionate about shaping the manufacturing/ B2B commerce landscape in India.

Moglix that is specializes in B2B procurement of industrial products such as MRO, Fasteners, Electrical, Hardware, Pneumatics, Safety items and more, aims to be the largest technology platform where demand and supply can be matched through price discovery and product availability.

Moglix’s solutions cater to more than one lakh small and medium-sized enterprises (SMEs), and over 200+ large manufacturing houses in India. Moglix currently has more than two lakh stock keeping units (SKUs) listed on its platform and serves some of the largest auto, electrical and public sector undertakings (PSUs) in the country including Lumax, IndiaForge, Havells etc.

“The raise will accelerate our infrastructure build-up to better serve our customers, and enhance our product offerings as the manufacturing and supply chain industry heralds towards digitization.According to a recent industry report, the global B2B e-commerce market is estimated to reach $7 trillion by 2020, as it’s twice as big as B2C market. We are making strides to harness the potential of the market in India and other Asian countries,” said Rahul Garg, Founder & CEO, Moglix.

The company specializes in digital procurement of industrial MRO items and aims to utilise the funds to expand geographically across multiple industrial hubs in India. With the recent reforms of GST implementation and move towards a cashless economy, Moglix is well-poised to cater to more customers in the days to come.

Recently, Moglix also launched GreenGST, a unique solution for the manufacturing sector that will make the entire customer ecosystem GST compliant and future-ready, marking another milestone towards its commitment to the space.

Moglix had previously raised Seed and Series A funding of $6 million from venture capital firms like Accel Partners, Jungle Ventures, SeedPlus and Venture Highway. With this current round, the total amount of fund raised by Moglix stands at $18 million. The announcement is significant since the investment has been raised at a time when there is heightened uncertainty and deteriorating business confidence overshadowing the startup ecosystem.

PaySense Raises $5.3M in Series A Led by Jungle Ventures

PaySense, India’s fastest growing digital credit platform, today announced their Series A funding of $5.3 million. The round was led by Jungle Ventures with participation from Naspers Group and Nexus Venture Partners. The company had raised an earlier round of investment of $2.3 million led by Nexus Venture Partners and prominent global angels.

PaySense is a technology and data science company building new age financial products for Indian consumers. PaySense’s first product is a simple, fast and flexible credit platform that provides customers a variety of credit options for their needs. PaySense EMI is a personalized line of credit similar to a personal loan that can be used to make any purchase, offline or online, instantaneously by putting it on an affordable EMI plan. It is set-up and operated very easily and seamlessly using the Android app or website. One can use the full credit amount available at one time for a big purchase or flexibly use it like a string of multiple EMIs for various smaller purchases, as needed by the consumer.

The credit approval of the consumer is instant, and free. There is only a one- time, minimal documentation which is digital, easy and fast leveraging the ‘India stack’. PaySense customers love the hassle free process as they never need to wait for any bank loan or credit card.

PaySense process and the credit product is simple, transparent and honest. It is just one time documentation, which is almost paperless for most customers with Aadhaar.

Prashanth Ranganathan, Co-Founder and CEO of PaySense said, “India is a young country and lots of people are just starting off building their professional lives. They might not have a credit score and they might not have enrolled for a credit card yet! Access to credit is fundamental to unlocking opportunities of growth and improving oneself. Today access to convenient and flexible credit is limited to a few fortunate folks. With the explosion of data on individuals, better access and most importantly with our ability to make sense of these large volumes of data real-time, we can level the playing field in credit. Giving credit to folks who already have history is easy, our mission is to democratise credit by making it just as easy for folks without history and without paperwork.”

Amit Anand, Founder and Managing Partner, Jungle Ventures said, “We have patiently been looking at this space in India and feel very excited to eventually partner with the PaySense team and other investors. There are going to be a few mega companies being formed in this space and the PaySense team has demonstrated great understanding and traction on various aspects required to become a category leader here."

Anup Gupta, Managing Director, Nexus Venture Partners, who led the company’s seed round investment in the summer of 2015, said, “A large segment of Indian consumers are credit-worthy but not being addressed by conventional players. We are excited to partner with PaySense in the company’s mission to leverage data science and technology to provide right credit products to these customers in a seamless, low-friction manner.“

Sayali Karanjkar, Co-Founder and COO, said, “With respect to credit, India is a severely under-served market. Our research indicates that there is a rising demand for short-term flexible credit across the middle class aspirational youth. People need ready access to short-term, flexible and quick credit solutions for a variety of needs that improve their life and satisfy their aspirations. We are building PaySense to become a trusted financial partner to our consumers, we don’t just want to serve them once, we want to become their go-to solution for all their financial needs.”

The availability of this solution is useful even for those customers who do not have a credit rating based on no prior history. PaySense believes that they should be respected as well for their education and employment and given a chance to take EMIs, get the products they want and start their credit history too.

With electronic documentation and e-KYC being the norm of the day, PaySense can extend credit to its customers within hours. Once the verification has happened for the first time, the platform offers an instant credit line to its customers with custom loan options, which they can avail of, anytime. The credit line will grow with good credit history and repayment behaviors.

Jungle Ventures Closes its Second Fund at $100M

Jungle Ventures has announced the final close of its second fund on target at $100 million. The new fund is ten times larger than Jungle’s first fund, raised in 2012 – and has established it as one of the largest early stage venture capital (VC) firms in the region.

Support from existing investors was strong and new investor interest was largely driven by demand from institutions and strategic family offices from Asia and the U.S. The investor base is well diversified and includes names such as Temasek Holdings, International Finance Corporation, National Research Foundation of Singapore, Hubert Burda Media as well as leading family office investors such as the Kewalram Chanrai Group and Khoon Hong Kuok.

Commenting on the development, Amit Anand, Founding Partner, Jungle Ventures, said, “This is a significant milestone for Southeast Asia’s fast growing startup ecosystem and we are grateful for the faith existing investors and new partners have shown in us. With an exceptional team of 15 investing and operational professionals we intend to continue to invest and help build the best technology companies from this region.”

Since inception in 2012, Jungle is amongst the few VCs that have successfully exited companies via M&A to global brands such as Twitter, HomeAway, Rakuten and Shopclues. Jungle believes that M&A’s will continue to dominate the exit landscape in the region.

The Fund will largely target Series A and select Series B investments primarily in Southeast Asia, as well as, on a more opportunistic basis, businesses in India and Australia particularly where such businesses may benefit from expansion into Southeast Asia.

Mr. David Gowdey, Managing Partner, Jungle Ventures said, “The closing of the second round at $100 million is a strong testament to our investment strategy. We look forward to working more closely with exceptional founding teams and catalyze them to be regional or global category leaders.”

Jungle invests across all early stages of start-ups and has investments in Singapore, Indonesia, India and other hotbeds of entrepreneurial activity in South Asia.

Moglix Raises Rs 28 Cr in Series A Funding from Accel Partners, Jungle Ventures and SeedPlus

Moglix, leading B2B e-commerce company specializing in procurement of industrial products, today announced that it has raised INR 28 crores in Series A round of funding led by Accel Partners with participation from Jungle Ventures and SeedPlus. Founded in August 2015, Moglix is focused on technologically disrupting the B2B Industrial products space for suppliers and buyers across the globe. Moglix has raised Pre-Series A funding from Accel Partners and Jungle Ventures in October 2015 and an undisclosed financial investment in the company by Mr. Ratan Tata in February 2016.

Moglix caters to over 20,000+ SME buyers and 100+ large manufacturing houses through their platform. The funds will be deployed to expand operational footprint across major industrial hubs, increase the SME customer base by 5X to 100K+ and large manufacturing buyers to 1000+ in the next 18 months. Moglix recently expanded its operations in West India with the launch of Pune office to cater to manufacturing companies in Gujarat and Maharashtra. The company plans to expand its footprint to South and East India in the coming one year and is targeting $100M+ revenue in the next three years.

The company has also added Anurag Srivastava, Founding & Managing Partner, Jungle Ventures to its advisory board after this round. Anurag brings in extensive experience in the Asia-Pacific and India region working with startups in technology as well as manufacturing sector. In his role as an Advisor, Anurag will work with Moglix on product management and devising technology strategy for large manufacturing houses in the automotive industry.

Commenting on the funding, Mr. Rahul Garg, CEO & Founder, Moglix, said, “We are inspired by the confidence shown in us by Accel Partners, Jungle Ventures and SeedPlus. We see this as a testimony and validation of our leadership in the B2B procurement space and are excited about the disruption in the space in the coming years.We are thrilled to have Anurag on board as an advisor. Given his deep experience working with startups in the technology and manufacturing sector, his inputs will make a huge difference, as we scale Moglix rapidly.”

Moglix currently specializes in B2B procurement of industrial products such as MRO, Fasteners and Industrial Electricals and is playing an important role in facilitating online convenience and enabling supply chain efficiencies in business purchasing. The company is witnessing rapid growth and has partnered with 1500+manufacturers and distributors across these categories in India, China and Taiwan. Moglix currently has 2 Lakh + SKUs listed on the platform and serves some of the largest Auto, Electrical and PSUs in the country like Lumax, IndiaForge and Indian Oil. Recently, Moglix became part of the SAP startup studio program and is working closely with SAP on driving digital acceleration within manufacturing companies.

Rahul added, “Most of the manufacturing industries in India have remained low on technology adoption whether it is ERP, Procurement, Planning, Inventory management etc. The Make in India program when combined with the digital initiatives in the country have great potential to play a transformative role in India’s manufacturing sector. We believe that technology can be a strong factor in propelling the efficiency and scale for both procurement and sales of the organizations. We are working with many of these companies to fast forward them to the digital age where technology can enable them to do tasks 3-5X faster”.

Speaking on the investment, Subrata Mitra, Partner, Accel Partners said, “Currently medium and large enterprises procure from 100s to 1000s of vendors, and the entire process is run on an ad-hoc basis. Moglix’s ability to induct technology into such a process is innovative and will lead to significant efficiencies. It’s also a large scale issue, and if solved well can create a formidable business.”

Anurag Srivastava, Founding & Managing Partner, Jungle Ventures who joined the Board of Moglix after this round added, “Moglix is one of the largest platform for industrial products in the country. Since its inception, Moglix has had a healthy, organic growth that is both sustainable and aggressive at the same time. I am honoured to join the board of a company. We believe Moglix will continue to lead the space in the future too and are excited with the growth path that the company is on.”

Livspace Raises Rs 100 Cr Led by Bessemer Venture Partners, Jungle Ventures, and Helion

Livspace, Indian online home design company and the world’s first design automation platform, today announced that it has raised INR 100 crore from existing investors in its third round of funding. The round was led by Bessemer Ventures Partners with increased participation from Jungle Ventures and Helion. This round of funding comes within weeks of the launch of the world’s first ‘Home Design Automation Platform’. The funds will be used to expand operational footprint across metro cities (NOIDA, Gurgaon, Mumbai in 2016 and Pune, Hyderabad in 2017), set up new Livspace design studios with VR technology integration for the best home design experience, expand the design automation platform across thousands of freelance designers in the country, and strengthen the catalog depth, launch new modular products, and further optimize the backend technology.

Founded by Anuj Srivastava and Ramakant Sharma, Livspace is home to India’s biggest community of home design enthusiasts (over 600 thousand) and India’s largest community of home designers. Launched in December 2014, Livspace has raised $27.6M since inception. Livspace pioneered the end-to-end home design experience in India and, within the first year of its launch, Livspace made three acquisitions – DezignUp, Dwll.in, YoFloor and launched an exclusive line of Modular Kitchen and Wardrobe systems with deep eCommerce integration which now generates over 50% of Livspace’s business. Over the next year, Livspace aims to dramatically scale customer experience and make it rich, transparent, and predictable such that anyone can have a beautiful home in less than 12 weeks and modular installations in 8 weeks in India.

Anuj Srivastava, CEO and Co-founder of Livspace said, “We’ve built an enviable company which is truly a pioneer in its space worldwide. Ramakant and I want to create a truly innovative technology company out of India, with large scale revenue, and a commercially profitable footprint. By combining the principles of platform, technology and design, we have built Livspace into a technology-driven, consumer internet company that continues to make explosive growth across all business metrics”.

Speaking on the investment, Vishal Gupta, Managing Director, Bessemer Venture Partners, "We are very impressed with the pioneering approach, traction, and commercial scale achieved by Livspace, in a short period of time. Livspace is already India's largest online home design company and continues to see tremendous demand side scale due to the recently announced home design automation platform. Anuj and Ramakant are seasoned entrepreneurs and we are thrilled to partner with them and grow Livspace into one of India's most admired venture backed company.”

Amit Anand, Founding and Managing Partner, Jungle Ventures, added, “Anuj and Ramakant are top tier entrepreneurs who’ve created a truly pioneering idea out of India. It’s truly extensible across many cities across the world as the problem they’re solving is unique, pertinent, and fragmented the world over. I have only seen them go strength-to-strength and create an enviable team, a customer experience, and scale not seen before in the industry. We wish them well in the journey and are excited to build an exciting worldwide story.”

The home industry is estimated to be anywhere between $25-30B but over 95% of it is unorganized and serviced by turnkey contractors, small studios, freelance designers, and carpenters. Livspace sees a tremendous opportunity in adopting a platform driven approach which borrows from the principles of platforms like Uber, AirBnB, etc. to create design entrepreneurs and reduce fragmentation in the industry.  Livspace will also invest in technology, to streamline hundreds of contract manufacturers, modular furniture companies, home design services, decor marketplace, etc. and bring them under one platform. This will create supply side scale, creating huge benefits to customers.

India-Singapore Based B2B Marketplace Moglix Raises Seed Funding From Accel Partners, Jungle Ventures

Moglix, an India-Singapore based marketplace for business and industrial supplies, has raised pre Series A funding of around $1.5 million from Accel Partner and Singapore-based Jungle Ventures.

The startup will use the freshly raised funds to enhance the technology platform, build a deep merchant base across Asia and global marketing efforts to rope in consumers.

Founded in 2015 by Rahul Garg, a former Google employee with experience in building global products and running sales across Asia, Moglix aims to become the online-first sales and marketing engine for Asian brands to sell into over 100 countries globally.

Currently on Moglix platform, a wide assortment of genuine industrial goods and products from top global and Indian brands are available for the customers across India. Moglix team procures these products efficiently and claims that all the products are 100% genuine.

The startup is headquartered in Singapore with its operating office in Noida, India.

Some of the companies that already sell their products via Moglix include Havell's, Larsen and Toubro, C&S Electric, Anchor, Bajaj, Unbrako, Caparo, Ambika and Taparia.

Subrata Mitra, Managing Partner of Accel Partners said, "Accel has always believed in disruptive startups looking 3-5 years ahead where we think technology can make an impact. We see x-border e-commerce as a great trend - where technology can make a big impact. We believe Moglix, with a strong team is solving a valuable and tough problem."

Accel has been an active investor in the e-commerce space in India with a portfolio that includes Flipkart, Myntra, real estate portal CommonFloor and Swiggy.

Rahul Garg, CEO & Co-Founder of Moglix, said, "The industrial products market from Asia is growing at a rapid pace. Engineering goods contribute 24 per cent of the Indian exports worth $300 billion. Hence, this market has also been a strong focus area for Make In India initiatives. A large part of this trade remains offline and happens via traditional B2B channels, while the buyers are increasingly moving online. We believe we can play a significant role in bringing them together online."

Mobile Startup Momoe Raises $1.2 Mn In Funding Led By IDG & Jungle Ventures

Bangalore-based mobile payment startup Momoe has raised $.12 million in funding round led by IDG ventures and Jungle ventures, with participation from India Quotient.

The newsly raised funds will be used to expand the team as Momoe plans to reach 500 merchant outlets in the next few months.

Momoe enables people to pay on their mobile phones. Momoe is a location aware smart phone app. People can pay on Momoe with their existing credit cards & debit cards. Momoe is accepted at restaurants, coffee shops, grocery stores & apparel stores in India.

Unlike PayTM and Mobikwik, which facilitate cashless payments with a virtual wallet solution that stores a fixed amount of cash, Momoe's app works by using credit-card details which is very much similar to another Gurgaon-based mobile payment app called Ruplee with which one can pay using his credit or debit card.

Momoe was founded in 2014 by Utkarsh Biradar, Karthik Vaidyanathan, Ganesh Balakrishnan, Neelesh Bam and Aiman Ashraf who are mostly graduates of IITs and IIMs. "We are the early movers in the space," said CEO Utkarsh Biradar, 44, a graduate of the Indian Institute of Technology, Bombay, who expects the company to handle Rs 3,000 crore worth of transactions in the next 18 months.

Momoe app currently has a user base of over 3000 customers, and has crossed Rs 1 million in transactions. They plan to expand to other urban metros in India and abroad once they get to a 100-150 restaurants in Bangalore. The startup currently has five founding members and eight employees.