Founded by Sagar Patil and Koustubh Rajepandhare, Ressy, the Pune based restaurant discount provider has recently closed an angel round of $400k.
The round was led by Vikram Chachra, Founding Partner, Eight Capital, with contributions from investors, including Mohandas Pai, former Infosys veteran, Akshay Garg, Co-founder of Komli Media, Jeljo Johny Kottoor, Director, ProV Venture Investments (Singapore) and Ketharaman Swaminathan, Founder, GTM360
The startup, which has its reach only in Pune and Goa, plans to utilize the freshly raised capital to expand in Pune across the sectors like wellness, adventure, and modern retail as well, reports Your Story.
Commenting on the fund raise, Koustubh Rajepandhare, Co-founder, Ressy said, “These funds will be utilized to develop the sales and tech team, to support the onboarding of more than 1000 merchants, and to get at least 50,000 downloads in Pune. Ideally, we want to create a Playbook before we launch in other cities.”
Ressy’s app, renders restaurant owners a provision of offering real time discounts to customers in their vicinity. On the customer’s front, the app can be used to discover restaurants and discount deals in specific areas. Ressy has partnered with more than 500 plus top restaurants in Pune and offers up to 50% discounts to customers.
Three of the strong players in this segment which could be Ressy’s potential competitors are CouponDunia, Groupon and Niffler.