Punchh, a Sunnyvale, California-based provider of mobile solutions for the restaurant industry, raised $3m in venture capital funding.
Backers included Cervin Ventures, Green Span Ventures, VKRM, Sandhill Group, Garnett Ventures, and other Silicon Valley angel investors.
The company intends to use the funds to further expand its market position.
Led by Jitendra Gupta, founder and CEO, Punchh provides a shop mobile solution for restaurants that delivers branded mobile apps for games, gift cards, loyalty, online ordering, payments, referrals, surveys, and marketing campaigns. It incentivizes word of mouth (WOM) interaction between customers through restaurant reviews, measurable referrals and social interaction campaigns. Punchh works with online ordering, payments, online ordering, reservations, and wait-list management solutions.
The company’s technology has been used by Earl of Sandwich, Hungry Howie’s, Mama Fu’s, Max’s Restaurant, Rita’s Italian Ice, Vino Volo, and Voodoo BBQ and Grill.
FinSMEs
15/08/2013