Noida-based Queuebuster, a mobile point of sale application, has raised about $8.16 million (Rs 63.3 crore) in its Series A funding round led by Chiratae Ventures, Omidyar Network India, and Flourish Ventures.
DMI Alternative Investment Fund and Unaprime Investment Advisors also joined the round, said QueueBuster in a statement.
The startup will use the funds to boost merchant growth, product enhancements and distribution network, it said.
Founded in 2016 by Varun Tangri, QueueBuster helps businesses manage billing, inventory, khata (daily ledger), online dukaan (store), customers and loyalty programmes all from a single application. It aims to reach at least 10 million merchants by 2025.
QueueBuster claims to have processed over 1.1 million invoices worth over Rs 130 crore in May 2022.
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