Indian fintech startup QueueBuster raises around $8 million in Series A

Oluwajuwonlo Afolabi -

QueueBuster, an India-based fintech startup offering POS services has raised $8.16 million in its Series A funding round led by Chiratae Ventures, Omidyar Network India, and Flourish Ventures.

  • The fund will help the startup to develop its products, scale its distributions, and better serve its customer base.
  • Founded in 2016, QueueBuster provides a full-stack mobile POS application to manage billing, inventory, and loyalty programs for retailers, restaurants and automobile sales.
  • The firm claims it has over 20,000 merchants on its app currently and processes over a million invoices monthly.
  • DMI Alternative Investment Fund (the Sparkle Fund) and Unaprime Investment Advisors participated in the round.