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.