Vietnamese venture capital fund Nest Tech announced that it has invested an undisclosed amount in Waitrr, a Singapore-based mobile food ordering and payments solution startup.
The investment will help Waitrr expand its operations in Southeast Asia, according to a Nest Tech statement. The food and beverage startup is eyeing Vietnam and Myanmar for its next rollout, given the VC firm’s presence in those countries.
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Founded in 2015, Waitrr’s solution helps more than 200 restaurants in Singapore increase floor staff efficiency and table turnover rates through automated order-taking and payment processing.
“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,” said Soe Moe Kyaw Oo, Nest Tech’s founder and managing partner.
Set up just last year, Nest Tech recently backed Singapore-based edtech startup Kalpha, investing an undisclosed six-figure amount.
Editing by Eileen C. Ang
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