Nest Tech invests in Singapore’s F&B ordering platform Waitrr

Photo: Waitrr.

Nest Tech – a venture capital that targets seed stage startups in Singapore, Vietnam and Myanmar – has announced its sixth investment in Waitrr, a Singapore-based food and beverage ordering and payment platform.

Waitrr allows people to use a mobile application to order takeaways and dine in Singapore.

Founded in 2015 by Tim Wekezer, Waitrr claims to have partnered over 200 restaurants in Singapore and works with F&B outlets like The Daily Cut, Guzman y Gomez, PAUL and Da Paolo Gastronomia to improve their takeaway and dining service, according to a press release.

With Nest Tech’s investment, Waitrr seeks to expand across the Southeast Asian region, with Vietnam and Myanmar being the top targets.

“We see Waitrr’s technology as the logical next step in the F&B space, and already, the platform is showing a tremendous pace of uptake among diners in Singapore. Our strategic partnership will see Waitrr expand across other countries in South East Asia,” said Soe Moe Kyaw Oo, managing partner, Nest Tech.

Waitrr claims restaurants can raise staff-efficiency by 40 per cent and table turnover by 20 per cent on an average by  using its platform.

The deal marks Nest Tech’s third investment in Singapore and its first in the F&B tech space.

Its other investments in Singapore include Trophy Room, a peer-to-peer football gaming application, and Kalpha, an education technology startup.

Nest Tech’s other investments are in Edu2Review, an education review platform from Vietnam; Flexible Pass, a Myanmar-based health and fitness app; and Myanmar-based Mote Poh, that offers employee benefits and rewards.

Also Read:

Nest Tech invests six-digit sum in Singapore edtech firm Kalpha

EME Myanmar, Nest Tech invest in HR services startup Mote Poh

SEA-focused Nest Tech targets to invest in 20 startups in two years

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.