About Summer
Summer is a company based in Hyderabad (India) founded in 2019. It operates as a SaaS (Software-as-a-Service) and Subscription Services. Summer has raised $222.21 thousand across 2 funding rounds from investors including 2am VC, Harinakshi S Somaiya and Sahil Goyal. Summer offers products and services including Summer POS, Scan, Order & Pay, and WhatsApp Marketing. Summer operates in a competitive market with competitors including Toast, Olo, Zenput, UrbanPiper and Tillster, among others.
- Headquarter Hyderabad, India
- Stage Minicorn
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Sectors
Consumer
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Email
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Phone
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Website
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Social
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- Legal Name Rareblue Tech Pvt Ltd
- Jurisdiction Hyderabad, Telangana, India
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Annual Revenue
$93.55 K (USD)121as on Mar 31, 2024
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Net Profit
-$55.41 K (USD)59as on Mar 31, 2024
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EBITDA
-$46.71 K (USD)64as on Mar 31, 2024
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Total Equity Funding
$222.21 K (USD)
in 2 rounds
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Latest Funding Round
$189.36 K (USD), Seed
Jun 25, 2022
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Investors
2am VC
& 13 more
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Employee Count
Not available
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Products & Services of Summer
Summer offers a comprehensive portfolio of products and services, including Summer POS, Scan, Order & Pay, and WhatsApp Marketing.
Advanced POS system for restaurant operations is provided.
Digital menu and payment solution is offered for restaurants.
Marketing via WhatsApp for restaurants is facilitated effectively.
Funding Insights of Summer
Summer has successfully raised a total of $222.21K across 2 strategic funding rounds. The most recent funding activity was a Seed round of $189.36 thousand completed in June 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Summer
Summer has secured backing from 14 investors, including venture fund and angel investors. Prominent investors backing the company include 2am VC, Harinakshi S Somaiya and Sahil Goyal.
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Early-stage venture funding for sector-agnostic startups in India.
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Early-stage startups are funded by 100X.VC venture capital firm.
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Harinakshi S Somaiya |
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Investor details for Summer
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Investments & Acquisitions by Summer
Investment portfolio details for Summer
Portfolio company identities, transaction dates, round details, and investment values require an active premium plan.
- Portfolio identities
- Transaction dates
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Financial Statements - Summer
Detailed financials for Summer
Historical revenue, profit, statement rows, ratios, and trend charts require an active premium plan.
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Summer Comparisons
Peer comparison for Summer
Named peer metrics, headcount, funding, location, and side-by-side benchmarks require an active premium plan.
- Named peers
- Headcount comparison
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Competitors of Summer
Summer operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Toast, Olo, Zenput, UrbanPiper and Tillster, among others.
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Restaurant operations are managed via a cloud-based platform.
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Olo is recognized as a restaurant technology platform provider.
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Zenput is utilized as an operations execution platform for multi-unit operators.
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Delivery channels management software is provided for restaurants.
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SaaS solutions for restaurant online ordering and analytics are offered.
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Provider of cloud-based POS software solutions for businesses and service providers
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Detailed competitors of Summer
Competitor domains, locations, full profiles, and operating metrics require an active premium plan.
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Latest news on Summer
Complete news archive for Summer
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Frequently Asked Questions about Summer
Summer was founded in 2019 and raised its 1st funding round 3 years after it was founded.
Summer is headquartered in Hyderabad, India. It is registered at Hyderabad, Telangana, India.
Summer is a funded company, having raised a total of $222.21K across 2 funding rounds to date.
Annual revenue of Summer is $93.55K as on Mar 31, 2024.
Technology-driven solutions for the restaurant industry are offered by Summer. Focus is placed on enhancing guest experiences through digital menus, ordering, and payment systems. Advanced POS systems for seamless operations, inventory management, and customer loyalty programs are provided. WhatsApp marketing solutions to increase repeat customers and brand visibility are also included. The company serves over 1000 restaurants, aiming to improve efficiency and revenue.
Summer's top competitors include Toast, UrbanPiper and SpotOn.
Summer offers Summer POS, Scan, Order & Pay, and WhatsApp Marketing.
Summer has 14 investors. Key investors include 2am VC, Harinakshi S Somaiya, Sahil Goyal, Ketan Agarwal, and Pankaj Ramachandran.
The valuation of Summer is $1.79M as of Jun 2022.