UrbanPiper Raises Funds from Axilor, Angel Investors
Bengaluru: UrbanPiper, which runs a platform that enables hyperlocal businesses to go online, has raised an undisclosed amount in funding from Axilor and a group of angels. The company plans to use the funds to enhance its technology offering and scale up its client base. “Our solutions are user-friendly, intuitive and handle back-end operations. Food delivery has become a significant aspect of business for restaurants across the country and UrbanPiper will help make this experience smooth,” said Saurabh Gupta, CEO of UrbanPiper.
UrbanPiper is a business-to-business Software-as-a-Service (SaaS) platform that offers a host of services such as white-label mobile apps, website, in-store engagement tools and customer relationship management (CRM). Through its offerings, it enables hyperlocal ecommerce, mcommerce, loyalty, wallet and customer feedback.
“UrbanPiper is well-positioned to enable some of the large verticals in the retail segment to go online, both in India and globally. Their marquee customer base gives them a clear edge and existing customers like Chai Point have rated the platform very highly,” said Ganapathy Venugopal, CEO of Axilor.
Axilor, whose programmes include an accelerator, scale-up and early-stage funding, counts Infosys co-founders Senapathy ‘Kris’ Gopalakrishnan and SD Shibulal among its founders.
The startup has seen increased demand for its services after the government’s move last month to withdraw high-value banknotes as legal tender. “Before the move, we had around four to five monthly customers. Now we have around 25 customers signing up. There has been a lot of inbound interest. There are also newer kind of customers going online. We are working with food courts too,” said Gupta.
UrbanPiper is currently working with brands including Chili’s India, Papa John’s India, Jubilant Fresh, Chai Point and Mamagoto to enable their online and mobile transactions.