UrbanPiper, a one-stop restaurant management platform, had raised $24 million in Series B funding led by existing investors Sequoia Capital India and Tiger Global and new investors Swiggy and Zomato. A slew of reputed angel investors also participated in the funding round, including Pankaj Chaddah (Shyft), Ankit Nagori (Curefoods), Saahil Goel and Vishesh Khurana (Shiprocket), Khadim Bhatti and Vara Kumar (Whatfix).

• Transrail Lighting Bags Rs 459 Cr MENA Transmission Orders
• Kotak Mahindra Bank Hikes DCC Fee to 3.5% from August
• Jubilant Pharmova Arm Gets USFDA Nod for Antacid Drug
• TVS Motor Jumps 3.75% as NTORQ 125 Gets New Colours
• Fortis Healthcare Falls 2.25% as Delhi Govt Orders Probe

The company plans to use the funds raised to scale its product and engineering teams, strengthen its platform capabilities, and broaden its offerings to enable more services to restaurants. The new-age restaurant management platform is already live in over 27,000 restaurant locations across eight countries, including India and West Asia. It currently processes 14 million orders per month, equating to approximately $750 million of estimated order value annually. UrbanPiper plans to launch in more regions across India, MENA and EU with the aim of onboarding over 200,000 restaurant locations on the platform in the next two years.