Hotline: 1800 102 2007
X
Loading
Search Business Opportunities
2014-11-24

IAN funded OMAK Technologies eyes South Asian growth

OMAK Technologies develops and customises software for all aspects of restaurant management and operations

Sri Lankan IT company OMAK Technologies recently completed a round of funding, enabling it to grow its business across South Asia via strategic partnerships as well as add new features to its existing range of innovative solutions. Further, these funds were entirely raised from the membership of the Lankan Angel Network and the Indian Angel Network, which has also already provided mentorship, networking and other forms of support to facilitate OMAK Technologies' success to date.

Recognised as one of Sri Lanka's most exciting tech start up's in the Echelon Magazine (November 2014) OMAK Technologies develops and customises software for all aspects of restaurant management and operations. OMAK Technologies secured its most recent round of funding following their first runner-up finish at this year's Venture Engine, the ongoing entrepreneurial competition spearheaded by the Lanka Angel Network along with Blue Ocean Ventures and the Indian Angel Network. In fact, this competition directly resulted in 18 Venture Engine-linked angel investors committing to invest in OMAK Technologies and its innovative product portfolio, which includes its flagship VDine Software-as-a-Service (SaaS) solution.

A continuously-monitored, function-rich SaaS that provides previously unheard of efficiency levels to the hospitality sector, VDine is a unique, all-encompassing restaurant managing system that minimises costs, reduces wastage and does away with mismanagement while, at the same time, boosting sales, increasing profitability and creating a streamlined and efficient operation with strong customer relationships.

Commenting on its strong links to the Lankan and Indian Angel Networks, Ehantha Sirisena, CEO, OMAK Technologies, pointed out the numerous benefits, besides funding alone, that these networks of angel investors have brought to his growing business. "As our focus now shifts to new markets and new features, we are even more delighted with our partnership with the Lankan and Indian Angel Networks, especially since we will increasingly have to rely on the wide experience, expertise and business connections now available to us through their respective high-profile, regional membership".

He also added that his company was pleased to further announce the launch of a new offering, a Sri Lanka-focused table reservations portal, which is also accessible to eateries not currently utilising the innovative VDine Restaurant Management Syste. An entirely web-based solution for restaurants that have high demand, it allows adding customers to a wait list queue.

Meanwhile, Senior Advisor at Stax Inc. and member of the Lankan Angel Network, Arj Wignaraja, said "Considering the innovativeness and far-reaching implications of the VDine platform and other products created by them, we are very happy with our choice to partner with OMAK Technologies, especially considering its capacity to possibly revolutionise restaurant management and operations in Sri Lanka and, going forward, South Asia".

Related opportunities
  • The Chocolate Room - India's No.1 chocolate café’s brings a business..
    Locations looking for expansion Andhra Pardesh
    Establishment year 2007
    Franchising Launch Date 2007
    Investment size Rs. 10lac - 20lac
    Space required 100 Sft - 1000 Sft
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Hyderabad Andhra Pardesh
  • Fashion Accessories
    About Boga :-Boga is a premium fashion accessories brand designed especially for..
    Locations looking for expansion Maharashtra
    Establishment year 2011
    Franchising Launch Date 2016
    Investment size Rs. 30lac - 50lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Mumbai City Maharashtra
  • Quick Service Restaurants
    Model A (FOOD-COURT EXPRESS):Franchise investment: 5-7 LakhMenu: Burgers, Pizza, Sandiwich,..
    Locations looking for expansion Haryana
    Establishment year 2016
    Franchising Launch Date 2017
    Investment size Rs. 2lac - 5lac
    Space required 200 - 800 Sq.ft
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Gurgaon Haryana
  • Travel Agents
    Travel café is one of the leading travel companies in..
    Locations looking for expansion Rajasthan
    Establishment year 2000
    Franchising Launch Date 2015
    Investment size Rs. 2lac - 5lac
    Space required 150 - 300 Sq.ft
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Jaipur Rajasthan
Insta-Subscribe to
The Franchising World
Magazine
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