by admin | Jun 14, 2024 | Startups News
Dubai proptech startup Qstay secured $4.6 million in pre-Series A funding to fuel their innovative hospitality platform. This investment brings their total funding to $11.1 million, solidifying their position as a major player in the proptech industry.
Qstay’s Secret Weapon: AI
Qstay leverages AI technology to transform the guest experience. They offer features like digital concierges that can answer guest questions 24/7 and provide personalized recommendations for restaurants, attractions, and activities. Additionally, their AI-powered customer service ensures prompt and efficient resolution to any guest inquiries. But Qstay’s magic touch doesn’t stop there. This innovative technology also helps property owners by streamlining operations and reducing costs by up to 50%.
Investors Back Qstay’s Vision
“We’re excited about this funding to accelerate our growth and innovate further in the hospitality sector,” said Artur Khayrullin, Qstay Co-Founder. Qstay’s commitment to both guest experience and property owner profitability is clearly resonating with investors. Alec Redelman, Co-Founder, emphasized, “Investor support shows strong confidence in our vision to redefine the guest experience and boost returns for property owners.”
Qstay’s Impressive Track Record
Qstay has become a major player in the proptech landscape.They currently manage a portfolio of over 300 properties across four countries. Their focus on guest satisfaction is evident with over 130,000 nights booked for at least 60,000 guests. Furthermore, Qstay is projected for significant growth, with a projected revenue of $63 million by 2025 and a healthy 18% EBITDA margin.
The Future of Hospitality is Here
The Future of Hospitality is Here
With a focus on guest experience, operational efficiency, and strong investor backing, Qstay is poised to disrupt the hospitality industry. Their innovative AI-powered platform offers a win-win solution for both property owners and guests.
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by admin | Jun 12, 2024 | Startups News
Dubai-based Tenderd has raised $30 million in a Series A round led by Denmark’s A.P. Moller Holding, the parent company of A.P. Moller Group, which owns the world’s largest container shipping company, Maersk, and many other businesses.
Key Investors
Additionally,The Series A round saw participation from several notable investors:
- A.P. Moller Holding: Leading the round, providing significant support from the parent company of Maersk.
- Quadri Ventures: A London-based B2B SaaS venture capital firm.
- Saurya Prakash: A product leader at Stripe. Furthermore, Existing investors such as Wa’ed Ventures, Nakhla Ventures, Soma Capital, and Liquid 2 Ventures also joined the round.
Background and Evolution of Tenderd
Founded in 2018 by Arjun Mohan, Tenderd originally started as a marketplace for renting heavy equipment, including dozers, excavators, cranes, rollers, and trucks. However,It has since pivoted into a SaaS platform, offering comprehensive management solutions for heavy equipment and machinery.
Platform Capabilities
Tenderd’s platform provides several advanced features:
- Real-Time Tracking: Continuous monitoring of equipment locations.
- Predictive Maintenance: Alerts to prevent breakdowns.
- Data Analytics: Unified data collection for improved operational efficiency.
- Sustainability: Tracking fuel usage to reduce costs and CO2 emissions.
A statement from the startup highlights that Tenderd’s platform transforms data from heavy equipment into actionable insights, enhancing productivity, safety, and efficiency.
Operational Footprint and Future Plans
Moreover, Tenderd operates in the UAE and Saudi Arabia, serving over 300 companies globally. The new funding will enable Tenderd to expand its global footprint and continue innovating in the construction, mining, and industrial sectors.
Strategic Vision of Tenderd
Arjun Mohan, founder and CEO of Tenderd, emphasized the company’s commitment to transforming sectors that have remained unchanged for decades by integrating digital and physical operations. Meanwhile, Chetan Mehta, Head of Growth Equity at A.P. Moller Holding, expressed enthusiasm for Tenderd’s potential to enhance operational efficiencies and reduce carbon emissions, further highlighting the strategic fit of Tenderd’s solutions across various industries.
in conclusion ,With its latest funding, Tenderd is poised to revolutionize the heavy equipment management industry, leveraging AI to drive efficiency, safety, and sustainability.