News From The Asian POS System Startups Hottab & StoreHub
TECHINASIA: It’s easy to spot the rapidly rising number of hotels and restaurants in Vietnam. But despite the industry’s noticeable growth, managing a hotel or chain restaurant still takes a lot of work and innovation. That’s where Hottab comes in. It’s a new Vietnamese startup that offers a new solution for point-of-sale (POS) management for F&B business. Hottab provides service tablets and a POS system for food and beverage (F&B) businesses. A cloud-based system connects all devices using Hottab. It includes an application installed on tablet devices that allows waiters to create new orders. It also enables customers to self-order at the table.
Based on tablets
Users can select and adjust items from a menu, customize orders, track order times, split the bill, and add tax/discount code numbers before being transferred to the kitchen, bar, or cashier.
The service already has seven paying customers and is about to close a contract with a chain that has eight locations. Hottab basically gives away tablets, at cost, to secure the partnership and provide services in the long run. The tablets end up paying for themselves. Read the full article
A person in the know, who declined to be named, said the talks have been on-going for a few weeks and while there was no deal set in stone yet, the vibe has been positive especially from one of the venture capital firms (VCs).
“StoreHub has been in talks with Singapore-based Life.SREDA. They have also had conversations with other VCs but these have not progressed to discussions,” the person quoted above added.
StoreHub was in Singapore recently to meet Russian-run fintech venture capital firm Life.SREDA.
DEALSTREETASIA recently reported that Life.SREDA was planning to invest an estimated $80 million to $90 million into fintech startups in the Asia Pacific, through the second and third quarters of 2015. Read the full article