Ressy Technology Pvt Ltd, a Pune-based company and created of the app ‘Ressy’, which provides last-minute deals and discounts at restaurants, has reportedly raised USD400,000 (Rs 2.5 crore) in seed funding from Eight Capital’s founding partner Vikram Chachra and other investors, using the crowd funding platform LetsVenture, according to VC Circle.
Mohandas Pai, chairman of Manipal Global Education and former member of Infosys’ board; Akshay Garg, co-founder of Komli Media; Jeljo Joh Kottor, director, ProV Venture Investments (Singapore) and Ketharaman Swaminathan, founder of GTM360 were the other investors to put money in this round.
Ressy Technology, which already has tie-ups with 500 restaurants in Pune, will use the fundsfor product development and to empanel 1,000 restaurants onto its network, as per a press statement. It will also use the funding to setup a sales and technology team.
The mobile app provides up to 50 per cent discount at local restaurants in real-time. The app provides real-time platform discovery, discounts and offers, time bound activations, capacity & inventory management in addition to location specific, time-bound deals.
