[How to] Get that cash!
A Friday hot take from the fresh-off-five-million-dollars-in-investment CEO of Bikky
Abhinav Kapur is founder and CEO of Bikky, a growing customer relationship platform for restaurants. Earlier this week, Bikky announced a $5.25 million seed round of funding, raised over the last year. I was most curious about raising funds in a… complicated market, but learned that Bikky closed its round before things changed dramatically a few months ago. (Whew.)
The seed round was led by an existing investor, but it also got a boost — and a vote of confidence of the highest order — from people behind a few restaurants that use Bikky. “We’ve been pretty fortunate in that our investors have continued to support our progress and mission, and that we’ve continued to grow since we closed that round,” Kapur said.
Even given all the forces at play outside of restaurants and tech, Kapur said there’s been a shift in what’s attractive to investors, hugely relevant as we think about the next round of restaurant tech companies poised to go big.
“During the pandemic when restaurants couldn’t serve people in stores, there was a huge rush of investment dollars into companies that facilitated some form of ordering, payment, and delivery. But once that wave of new orders and signing up a mass amount of customers happens, things get back to normal. Restaurant operators are rationalizing costs, they’re thinking about what platforms are essential. The tools that are sticking around or finding growth are the ones that are deemed to help restaurants adapt and thrive in this new environment.”
Want to chat? I love a good Friday hot take.
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