F&B

Thanks to revenge (dining): StoreHub bags $13.5M

September 22, 2022
StoreHub

Here's StoreHub. They've got everything you need to manage and grow your business! With all the revenge going on (more on that later...), they've just raised a $13.5M Pre-Series B to go even further.

  • They have 15,000 paying retail stores and restaurant outlets in SEA!
  • Hire fewer people, lower costs and increase revenue not just to survive — but thrive.

Investor check. 500 Global led the round. Vertex Ventures Southeast Asia & India, OSK and more joined in.

🔥 All about revenge

With the reopening of the post-COVID (or, well, "living with COVID") world, revenge travel and revenge dining are here.

The problem? The increased demand is awesome, but with the labor shortage and the economic conditions, restaurants and retailers are pushing to improve operational efficiency and earn more per customer.

  • The proof. StoreHub has processed over 128M transactions worth over $1.6B in the last 12 months— a 40% increase from last year.

😏 Way more than just a POS

All in(tegrated). Your POS, menu, inventory and kitchen work in sync and with zero hassle.

Order and pay in just minutes. While you can use their online and physical POS payment systems, they also offer QR-based ordering and payments.

Online food delivery. Instantly offer delivery for up to 20km, as well as pre-order and pick-up — without having to go through other food delivery apps that take a cut of your profits (or hike prices).

And more. Launch a website, start a loyalty program, get data-driven insights

💰What's with the $$$?

They'll be doubling down on product to create more value for customers. Plus, they'll focus on meeting growing demand while maintaining positive unit economics, especially since they're close to net profitability.

  • They literally hired 100 people in the last six months because of the skyrocketing 📈 demand.

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