Get All Access for $5/mo

AR-based Dining App peAR Raises Pre-Series A Funding Round From Venture Catalysts The funding will further intensify the expansion of the AR-powered app in Delhi/NCR and mark its presence in 4 new cities within the next 6 months

By Prabhjeet Bhatla

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Unsplash

peAR, AR-based dining, and 3D-based food & beverage app recently announced to have raised funding from integrated incubator and accelerator Venture Catalysts. The company took part in Pre-Series A round funding led by Inflection Point Ventures, LetsVenture, and the Government of India.

"We have seen 100 per cent month-over-month growth in the past 6 months, and we will continue to grow at a faster rate in the coming months as well. We have launched in Delhi/NCR and plan to expand to 4 new cities in the next 6 months, empowering users across India to experience 3D and augmented reality-based ordering. We have been lucky to have Venture Catalysts back us from the start to reach where we are today. They have not only helped us with financial aspects but also helped in building our business and team, thanks to the industry-rich experience and knowledge of their CXO members," said Dharmin Vora, co-founder, peAR.

Bootstrapped in 2019, peAR was founded by a group of college students to change the way people view and order food inside a restaurant. This B2C, AR/VR-FoodTech based platform allows restaurants to onboard for free with no hidden charges involved in the process. The brand only charges over 5 per cent taxes on every order placed via the app, allowing restaurants to pay only after receiving their business.

"Most people believe that the Indian delivery market is huge because of the success of some homegrown startups. However, the dine-in market in India is fivefold the delivery market. Indians spend over $100 billion every year while dining out, and surprisingly, there is no other company responding to this huge non-digitized sector than peAR. It intends to revolutionize how people order food at a restaurant by replacing paper-based menus with AR-powered digital menus. We, at Venture catalysts, believe in this novel idea and imagine a greater and prosperous association with this financing," added Dr. Apoorva Ranjan Sharma, president, and co-founder, Venture Catalysts.

peAR harnesses the power of 3D and AI to empower users to see food & beverages on the table before placing the order, allowing them to make an informed decision. It also grants users up to 50 per cent off on ordering via the peAR app at partnered restaurants, the platform shared.

Prabhjeet Bhatla

Former Staff

News and Trends

"45% of All Ongoing Hydropower Projects in India are Ours": Patel Engineering

Patel Engineering reported a turnover of INR 4,400 crore in the last fiscal year, with a projected 10 per cent growth for the current year.

News and Trends

PB Fintech to Enter Healthcare Sector with New Wholly-Owned Subsidiary

The new entity, which is expected to be named either 'PB Healthcare Private Limited' or 'PB Healthcare Services Private Limited,' will focus on providing healthcare services.

Side Hustle

'Hustling Every Day': These Friends Started a Side Hustle With $2,500 Each — It 'Snowballed' to Over $500,000 and Became a Multimillion-Dollar Brand

Paris Emily Nicholson and Saskia Teje Jenkins had a 2020 brainstorm session that led to a lucrative business.

Business Ideas

63 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.

Science & Technology

5 Rule-Bending AI Hacks to Make Your Mornings More Productive and Profitable

By 2025, AI will transform productivity by streamlining workflows and cutting costs. Major companies like Microsoft, Google, and OpenAI are leading the way, advancing AI into "Phase 3," where tools act as digital assistants. Discover 5 AI hacks to boost efficiency and redefine your daily routine.

Leadership

Should I Stay or Should I Go? 8 Key Points to Navigate the Founder's Dilemma

Here are eight key signs that help founders determine whether to persevere or let go.