About Summer
Summer is a Consumer company based in Hyderabad (India) founded in 2019. Software suite solutions for restaurant operations are provided. It operates on a SaaS (Software-as-a-Service) and Subscription Services model. Summer has raised $222.21 thousand across 2 funding rounds from investors including 2am VC, Harinakshi S Somaiya and Sahil Goyal. Summer was last valued at $1.79 million in June 2022. Its Indian entity Rareblue Tech Private Limited reported revenue of ₹77.4 Lakh. Summer offers products and services including Summer POS, Scan, Order & Pay, and WhatsApp Marketing. Its focus areas include Technology, Restaurant Tech and POS and Ordering Solutions.
Company details
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.
- Headquarters Hyderabad, India
- Stage Minicorn
- SectorsConsumer
- Email••••••••
- Website joinsummer.app
- Social X Instagram
- Legal Name Rareblue Tech Pvt Ltd
- Date of Incorporation 03 Oct, 2019
- Jurisdiction Hyderabad, Telangana, India
- Annual Revenue₹77.4 Lakh
FY 2024 · +121% YoY
- Net Loss-₹45.9 Lakh
FY 2024 · -59% margin
- EBITDA-₹38.7 Lakh
FY 2024 · -50% margin
- Total Equity Funding$222.21K (USD)
in 2 rounds
- Latest Funding Round$189.36K (USD), Seed
Jun 2022
- Investors2am VC
& 13 more
Associated legal entities of Summer
Summer operates through Rareblue Tech Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Rareblue Tech Private Limited CIN U72900TG2019PTC135857 | Active | 03 Oct 2019 | Hyderabad, Telangana | ₹0.8 Cr | 2 | View details |
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.
- Total Funding $222,206
- Total Rounds 2
- Last Round Seed — $189,360
- First Round $32,846
(Mar 2022)
- Investors Count 14
All 2 funding rounds of Summer with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Valuation | Stage |
|---|---|---|
| Jun 2022 | $1.79M | •••••••• |
Last known valuation $1.79M (Jun 2022). 14 investors in total: 2 institutional and 12 angel.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Early-stage venture funding for sector-agnostic startups in India. | 2021 | 2amvc.com | Mumbai, India | |
Early-stage startups are funded by 100X.VC venture capital firm. | 100x.vc | Mumbai, India | ||
HS Harinakshi S Somaiya | unknown_3b474e304d6c497ba | |||
SG Sahil Goyal | unknown_e33953daaf94450d9 | |||
KA Ketan Agarwal | unknown_5d655258c4cd4a08a | |||
PR Pankaj Ramachandran | unknown_b53c4f828bdb4b0ca | |||
VN Vandana Nilesh Patel | unknown_a962bc95f8554e07a | |||
MA Mayur Ashok Zamvar | unknown_5814341b85bd4e20a | |||
MS Michael Steven Samuel | unknown_528320631a3343d9a | |||
PB Pankaj Bhargava | unknown_a38d012f842141e0a |
Investor details for Summer
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Rareblue Tech Private Limited (Summer)
Rareblue Tech Private Limited is the primary company behind Summer. The board of Rareblue Tech Private Limited currently have 2 directors; the longest-serving is Ankit Sharma, appointed in 2019. 1 earlier director has ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Ankit Sharma DIN 08578582 | Director | 03 Oct 2019 | 7 yrs 1 mo | Rareblue Tech Private Limited |
| Subhash Vishal Jain DIN 08578581 | Director | 03 Oct 2019 | 7 yrs 1 mo | Rareblue Tech Private Limited |
Financials of Summer
Figures of Rareblue Tech Private Limited, the primary company behind Summer, for FY 2024. Revenue was ₹77.4 Lakh (+121% year on year). Net loss was -₹45.9 Lakh (-59% margin). EBITDA was -₹38.7 Lakh (-50% margin). Revenue has grown at a compounded annual rate of +88% over three years.
- ₹77.4 LakhRevenue · FY 2024 · +121% YoY
- -₹45.9 LakhNet loss · -59% margin
- -₹38.7 LakhEBITDA · -50% margin
- ₹25.2 LakhPaid-up capital
- +88%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Rareblue Tech Private Limited are on its company page.
Detailed financial statements for Summer
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of Summer
4 dated milestones of Summer across 3 years, from founding to its latest funding, stage changes and deals.
- Founded Summer is founded.
- Funding First funding round of $33K.
- Funding Latest funding round, Seed, of $189K.
- Milestone Reaches Minicorn status.
Top companies in Food & Beverage Platforms
3 companies that operate in the same segment as Summer (Food & Beverage Platforms) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Online platform food ordering and delivery service | 2008 | Gurugram, Haryana, India | USD 1.69 B | USD 5.94 B | 6,750 | |
Food and grocery items are ordered via an online network. | 2014 | Bengaluru, Karnataka, India | USD 3.54 B | USD 2.51 B | 4,488 | |
Online platform offering discovery of local deals, experiences, and rewards | 2015 | Gurugram, Haryana, India | USD 105.82 M | USD 37.82 M | 414 |
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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. The company's 1st funding round was a Seed of $32.85K, raised on Mar 2022.
The primary company behind Summer, Rareblue Tech Private Limited, reported revenue of ₹77.4 Lakh for FY 2024, up 121% year on year.
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 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.
Summer operates through Rareblue Tech Private Limited.
The legal entities of Summer currently have 2 directors, including Ankit Sharma, Subhash Vishal Jain.