Qlub, an innovative dining payments platform headquartered in Dubai, has proudly announced the closure of a substantial funding round amounting to $30 million. This round was co-led by prominent venture capital firms Shorooq Partners and Cherry Ventures, both of which are known for backing transformative startups. The funding also saw noteworthy contributions from influential strategic investors, including Mubadala Investment Company (a player in the UAE’s investment landscape), e& (a leading telecommunications company), and Legend Capital (an investment firm based in China).
Qlub is an innovative company that has developed a user-friendly system designed to enhance the dining experience for restaurant patrons. By utilizing QR codes, diners can effortlessly browse through menus directly on their smartphones, enabling them to explore a wide variety of dishes and beverages. After they have made their selections, they can place their orders with just a few taps, eliminating the need for lengthy wait times. Additionally, the system facilitates quick and convenient bill payments, allowing customers to settle their bills seamlessly at the end of their meals. Qlub’s goal is to provide a faster and smoother dining experience, making it easier than ever for guests to savor their time at the table.
Qlub collaborates with a diverse range of restaurants and cafes across several countries, boasting an impressive portfolio of notable clients. Among these are the Paul Cafe (known for its artisanal pastries), Wagamama (offering a contemporary take on Asian cuisine), and Sushi Samba (known for its unique fusion dishes).
Qlub has a presence in markets including the UAE, Saudi Arabia, Singapore, Hong Kong, Australia, Brazil, Qatar, Kuwait, and Korea. And they integrate directly with various Point of Sale (POS) systems like Foodics, Micros, Revel, Dimensions, and iiko.
How the funding will be used: The new capital will be utilized to accelerate global expansion, enhance product offerings with advanced analytics, and strengthen its presence in existing markets.
