Momos, a software-as-a-service, platform, in Singapore, has announced to have raised $6.5 million in its seed round led by Sequoia Capital India and Alpha Wave Incubation.
K3 Ventures, Captii Ventures, HOF Capital, JIA Group, Hong Kong-based Integrated Capital, and angel investors from global food delivery and software companies also participated in the financing round.
Momos are going to use the recently raised capital to work on its expansion plans, improve its value proposition for restaurant partners, and develop its platform.
Launched in 2020 by Former executives from Grab, Uber, Microsoft, and Intuit, Momos assists restaurants to maximize revenue and growth through its marketing, reviews and analytics platform. It provides a unified interface for restaurants to work all across food delivery platforms, social media, and other online channels.
Sai Alluri, Co-founder and CEO of Momos, said, “We think of ourselves as building Shopify for F&B, but in reverse. Whether diners are ordering delivery, dining in, or getting a takeaway, you can interact with the restaurant completely online now.”
Right now, the company is collaborating with large and small food and beverage firms across Southeast Asia, including The Lo & Behold Group, Flash Coffee, Guzman y Gomez, and Wolf Burgers. Online brands like Tree Side Nasi Lemak, COOP by Neon Pigeon, and Curry Fried Chicken also use Momos’ services.