funding 2021-10-18

AR-based Dining App peAR Raises Pre-Series A Funding Round From Venture Catalysts

The funding will further intensify the expansion of the AR-powered app in Delhi/NCR and mark its presence in 4 new cities within the next 6 months

By Content Writer
AR-based Dining App peAR Raises Pre-Series A Funding Round From Venture Catalysts

PeAR, AR-based dining, and 3D-based food & beverage app recently announced to have raised funding from integrated incubator and accelerator Venture Catalysts. The company took part in Pre-Series A round funding led by Inflection Point Ventures, LetsVenture, and the Government of India.

 "We have seen 100 per cent month-over-month growth in the past 6 months, and we will continue to grow at a faster rate in the coming months as well. We have launched in Delhi/NCR and plan to expand to 4 new cities in the next 6 months, empowering users across India to experience 3D and augmented reality-based ordering. We have been lucky to have Venture Catalysts back us from the start to reach where we are today. They have not only helped us with financial aspects but also helped in building our business and team, thanks to the industry-rich experience and knowledge of their CXO members,” said Dharmin Vora, co-founder, peAR. 
Bootstrapped in 2019, peAR was founded by a group of college students to change the way people view and order food inside a restaurant. This B2C, AR/VR-FoodTech based platform allows restaurants to onboard for free with no hidden charges involved in the process. The brand only charges over 5 per cent taxes on every order placed via the app, allowing restaurants to pay only after receiving their business.
Most people believe that the Indian delivery market is huge because of the success of some homegrown startups. However, the dine-in market in India is fivefold the delivery market. Indians spend over $100 billion every year while dining out, and surprisingly, there is no other company responding to this huge non-digitized sector than peAR. It intends to revolutionize how people order food at a restaurant by replacing paper-based menus with AR-powered digital menus. We, at Venture catalysts, believe in this novel idea and imagine a greater and prosperous association with this financing,” added Dr. Apoorva Ranjan Sharma, president, and co-founder, Venture Catalysts.

peAR harnesses the power of 3D and AI to empower users to see food & beverages on the table before placing the order, allowing them to make an informed decision. It also grants users up to 50 per cent off on ordering via the peAR app at partnered restaurants, the platform shared.


 इस लेख को पढ़ने के लिए यहां पर क्लिक करें

 Click Here To Read The Original Version Of This Article In English


star franchise india
Related opportunities
  • Tea And Coffee Chain
    About Us: CHAI CALLING is one the most renowned tea brands..
    Locations looking for expansion Uttar pradesh
    Establishment year 2015
    Franchising Launch Date 2018
    Investment size Rs. 2lac - 5lac
    Space required 100
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Bareilly Uttar pradesh
  • Electric Vehicles
    About Us: We would like to introduce ourselves as an organisation..
    Locations looking for expansion Tamil nadu
    Establishment year 2018
    Franchising Launch Date 2021
    Investment size
    Space required 500
    Franchise Outlets -NA-
    Franchise Type -NA-
    Headquater Chennai Tamil nadu
  • Others Food Service
    The Fresh Press is a young and a fresh startup..
    Locations looking for expansion Haryana
    Establishment year 2018
    Franchising Launch Date 2021
    Investment size Rs. 5lac - 10lac
    Space required 300
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Faridabad Haryana
  • Quick Service Restaurants
    About Us: Chaat Adda is a unique concept where we serve..
    Locations looking for expansion Madhya pradesh
    Establishment year 2014
    Franchising Launch Date 2014
    Investment size Rs. 5lac - 10lac
    Space required 150
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Indore Madhya pradesh
Insta-Subscribe to
The Franchising World
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities
More Stories

Free Advice - Ask Our Experts

ads ads ads ads