peAR raises 2.5 crore in Pre-Series A round
peAR, one of the first startups in Asia-Pacific to make an augmented-reality based in-restaurant ordering app has raised INR 2.5 Cr in a Pre-Series A round led by Inflection Point Ventures.
The funds raised will be utilised in building 3D Modelling technology for augmented reality, so as to advance the B2C app. Along with this, the startup will launch in 4 cities – Mumbai, Bangalore, Delhi/NCR and Pune.
The startup is also hiring across roles to strengthen the team. With the funds raised, peAR aims to reach 15,000 orders monthly by the end of this year.
Founded in 2019 by then college students Dharmin Vora, Dhruvesh Mehta and Parth, the vision of peAR is to change the way people view and order food inside a restaurant. peAR helps users visualize the dish before ordering, thus making sure customers have a delightful experience at the restaurant. They use Augmented Reality to solve this.