ResQ, North America's leading restaurant repair & maintenance platform, announces $39MM Series A funding to help customers drive down costs
Retrieved on:
Tuesday, October 12, 2021
Technology, Tiger Global Management, Founder, Burger King, DoorDash, General partnership, Decision-making, Multimedia, Time, RESQ, Golden Venture, Industry, CFO, Keg, Paramount, View, Board, Partner, Taco Bell, Communication, Capital, Maintenance, COO, Restaurant, Andreessen Horowitz, KFC, Cactus Club Cafe, CEO, Wendy's, Willard Parker Hospital, Pizza Hut, A&W, Food delivery, Fast food, Video game, Management
"On average, restaurants spend five to seven percent of annual sales on repairs and maintenance -- that's $50B a year in North America. This number is much higher when you factor in the opportunity cost of managing repairs, including lost sales and inventory, and time spent on each repair. With ResQ, restaurant operators save 20 percent in annual maintenance costs and reduce equipment downtime, helping them retain an additional $9B of sales revenue." said Kuljeev Singh, CEO and Founder of ResQ.
Key Points:
- This gives restaurant operators time and resources back so they can focus on building great teams, creating new culinary experiences, and serving guests.
- "On average, restaurants spend five to seven percent of annual sales on repairs and maintenance -- that's $50B a year in North America.
- With ResQ, restaurant operators save 20 percent in annual maintenance costs and reduce equipment downtime, helping them retain an additional $9B of sales revenue."
- The company has raised a total of $48MM USD to date and is the fastest growing restaurant repair and maintenance platform.