Beaconstac, a QR code customer engagement podium, has raised $25 million in a Series A funding smoothed led by Telescope Partners, with participation from existing depositor Accel.
The startup plans to use the high capital to develop its platform further and expand its squad in India and the US.
Founded by Sharat Potharaju and Ravi Pratap M, Beaconstac types physical products and places to talk directly to patrons through digital content and actions by leveraging smartphone knowledge like QR codes.
Started by Sharat Potharaju and Ravi Pratap M, Beaconstac makes physical products and places talk directly to patrons through digital content and actions by leveraging smartphone skills like QR codes.
Finished the past 12 months, Beaconstac claims that it has helped businesses of all sizes create and pathway 1.8 million QR codes that were scanned over 150 million areas by consumers.
“In a world where touchpoints among brand and consumer have grown exponentially, there is a persistent need for frictionless technology that meets consumers besides offline, and QR codes are growing to the challenge,” said Sharat Potharaju, CEO of Beaconstac.
“This funding decriminalizes our leadership position in the sooq and gives us the resources to build additional foodstuffs on our podium as well as continue helping businesses hug QR codes for customer rendezvous,” said Sharat.
The startup counts huge enterprises, such as Revlon, Nestle, FedEx, and Marriott, as its top patrons.
“It’s clear QR codes are fetching an integral part of how businesses communicate with their customers,” said Mickey Arabelovic, Initiator at Telescope Partners. “The suppleness and insights Beaconstac deliver for industries sets it separately from competitors. We believe the company has the vision and ability to develop the largest player in the market.”