Salido, the restaurant software maker has raised $2 Million in seed funding to build an operating system for restaurants. The investors list include a few high-profile names from investing as well as food industry.
The investment round was led by High Line Venture Partners and Shana Fisher. Other investors include chef (and longtime “Top Chef” judge) Tom Colicchio, restaurateur Stephen Starr and chef Ben Daitz of Num Pang Sandwich Shop. Scott Belsky, Accelerator Ventures, 500 Startups and Great Oaks VC too made their names count in the investors list for the seed round.
Salido has plans to take over all the software needs for a restaurant by offering all the services supported by cloud. The company is founded by Shu Chowdhury, who has over a decades’ experience in building enterprize solutions for aerospace and finance industries.
Before Salido, Shu invested in a New York based restaurant and served various roles for the restaurant to understand the restaurant industry and the needs in a better way. According to Shu,
“Whether you’re talking about aerospace manufacturing or financial services, it’s the same stuff,” he said. “When you need to make a trade, it’s no different from placing an order. You have to account for it, you have to know who fulfills it.”
Solido was started as a POS provider for restaurants. However, to make itself unique, the company expanded and included various other aspacts such as inventry management, labor management, recipe management, customer management and reporting. Shu Chowdhury is pretty confident of doing good by covering end to end solution for the clients and at the same time, they can be on top of their competitors, who focus on just one area, be it delivery or reservation or billing.
“At the end of the day it’s all about the data,” he said. “If we can take that data and help them run their business better, but also strip out the inherent multi-system software costs, this is where we’re changing everything.”
Salido is right now available in New York, with over 50 clients. The company aims to cover at least 350 locations by next year.