Sminq, Pune based queue management app which helps the users with real time information about queue at different places, has secured $1 Million in its latest round led by Saama Capital and Blume Ventures. The investment round also saw the participation from Vaibhav Domkundwar, India based Angel Investor. Post the funding formalities, Suresh Shanmugham, Co-Founder and Managing Partner at Saama Capital will be on the board of Sminq India Solutions Private Limited, the company which owns and operates the app.
The raised funding will be used to strengthen the technology along with bringing more and more services to the app.
Sminq, founded by Sachin Bhardwaj, Sheldon D’souza and Santhosh Nagarajan in July 2015, provides real time information about the queue at places like clinics and others. This app relieves the users from actually being at a place to be in the queue and allows them to manage their place remotely. The startup is in plans to build a visibility search engine with tie up with various places to allow its users book appointments directly.
Speaking on the development, Sachin Bhardwaj, CEO Aminq stated that the startup has seen great market fit and user traction within a year of its launch. He further added that the startup is already making revenue and with more tie ups in the coming time, the revenue is set to multiply.
The app has over 40 paying customers on the platform, most of them are various doctors from various parts of Pune. It charges a one time fee to be listed on the app and further claims over 6000 bookings every month.