Mobile-based PoS app QueueBuster raises Rs 63.3 cr in series A round

QueueBuster, a mobile-based POS application, has raised Rs 63.3 crore (about $8.16 million) in a Series A round led by Chiratae Ventures, Omidyar Network India and Flourish Ventures. DMI Alternative Investment Fund (the Sparkle Fund) and Unaprime Investment Advisors (an exclusive banker to QueueBuster) also participated.

The company will use the funds to focus on merchant growth, product enhancements and scaling of its distribution network.

“Merchants in today’s time are overwhelmed by a plethora of standalone applications for every small or big requirement of theirs. Unfortunately, none of those applications provide them with a holistic set of features to manage their end-to-end operations effectively. With QueueBuster, merchants can manage their entire business operations with ease. Our aim is to reach at least 10 million merchants by the year 2025,” explained Founder and CEO, Varun Tangri.