Restaurant operators typically focus on good food and customer service, but when their customers stopped coming in when the outbreak occurred, many had to learn how to get in a new way.
Childhood friends David Grandez and Andres Andres, both from Ecuador, will focus on producing Mimic as a dark kitchen-like service, online channel sales in 2018 in Brazil.
As food operators themselves, they saw the damage done to restaurants that needed to be refurbished quickly during last year’s outbreak, but were not sure how to start digitalization with their businesses.
That’s when Grande and Andrade decided to move their company to him. Zack, An all-in-one management tool that delivers digital and financial capabilities to the food service market at zero fixed cost. Its technology provides a 360-degree view of the restaurant and includes retail space, back office equipment and payment processes offline and offline. The devices integrate with collectors such as iFood, Uber Eats and Rapi.
The company currently operates more than 300 restaurants in São Paulo and has a $ 15 million series of grants led by Tiger Global Management in Rio de Janeiro, Belo Horizonte, Campusas, Brazil and Salvador.
Joining the Tigers in the Round are Valor Capital Group, Monashes, Base 10 and Canary, representing Zak’s total financial support to date.
“We feel ready to enter the wholesale market,” Grades, co-founder and CEO, told Tech Crunch. “The money allows us to integrate our products and our teams. Currently the focus is on Brazil, but we see a great opportunity to go to Latin America and start 50% of the food market from Mexico. We are also working to become an integrated financial company.
Zack also plans to double its current 162 staff by the end of 2022 and increase the availability of restaurants on Omni Channel to add new services such as customer relationship management and marketing automation.
Pivoting has made the company’s overall market “100 times bigger” and given. Nubank’s latest IPO, Provides for Zack’s “front row seat to restaurant financial flows”, co-founder Andrade said.
It will also allow the company to dominate digital wallets, launch financial services, and receipts and capital will often be rejected by restaurants. Finally, the company wants to be “Toast of LatAm”, Grandes.
The company looks good on the road. Twice Zack has increased its revenue four times over the past year and is making $ 100 million a month through the platform, said Marina Lima, the company’s chief revenue officer. Over the next 12 months, it will look the same and expect more than $ 350 million to be paid by the end of that period.
Grandees, meanwhile, says there are 1 million restaurants in Brazil, which could be a big boost.
“It’s about controlling Brazil and summarizing the team, the product and the platform.” We are already very different and we are getting stronger and stronger around Brazil and we are going to Mexico.