Mobile-Based PoS App QueueBuster Raises Rs 63.3 Crore

A mobile-based point-of-sale application, QueueBuster raised Rs 63.3 crore in a Series A round led by Chiratae Ventures, Omidyar Network India, and Flourish Ventures along with the participation of DMI Alternative Investment Fund and Unaprime Investment Advisor. The company will use this money to focus on dealer growth, product improvement, and expansion of its distribution network.

QueueBuster was founded for the second time in 2016 by a team of entrepreneurs led by Varun Tangri, is a full-stack mobile PoS application for billing, inventory, khata (diary), online dukaan, customers, and loyalty programs all in one application. 

SaaS application is designed for a wide range of businesses, from Kirana and retail stores to restaurants, fashion and apparel, and automobiles. QueueBuster runs on all Android devices, including the recently launched Android-based credit/debit card swipe machines.

QueueBuster currently has more than 20,000 merchants in a variety of industries on its platform, from nearby Kirana stores to companies such as HUL, Tata, and ITC. In May 2022 alone, it processed more than 1.1 million invoices over Rs 130 crore. So far, since January 2021, the app has received over 12 million invoices worth over Rs 1,000 crore on its application.