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UrbanPiper Raises $24 Million in Series B Funding Round

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UrbanPiper Raises $24 Million in Series B Funding Round
21 Apr 2022
min read

News Synopsis

UrbanPiper, a one-stop restaurant management platform, has announced that it has raised $24 million in Series B funding from existing investors Sequoia Capital India and Tiger Global, citing new investors Swiggy and Zomato.

The company plans to use the funds raised to expand its product and engineering teams, enhance its platform capabilities, and expand its offerings to provide more services to its restaurants. This new-age restaurant management platform is already in operation at over 27,000 restaurants in eight countries, including India and West Asia.

It is currently processing 14 million orders per month. That's an estimated order value of about $750 million per year. UrbanPiper plans to expand to additional regions of India, MENA, and the EU with the goal of onboarding more than 200,000 restaurant locations on the platform over the next two years.

UrbanPiper aims to be a single window that helps restaurants perform their entire business. It aims to bring together a variety of digital products so that all commercial activities in a restaurant can be carried out seamlessly in a simple and intuitive way.

Due to its scalability and reliability, UrbanPiper counts its user base on well-known restaurant chains such as McDonald's, Pizza Hut, KFC, Subway, Cure Foods, Taco Bell, and Rebel Foods. It currently processes over 18% of all monthly online grocery orders in India and has grown 10-fold over the last two years.