# Bottle Lab Technologies Pvt.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/bottle-lab-technologies-pvt

- Industry: Internet
- Headquarters: Bangalore, India
- Website: www.thesmartq.com
- Total disclosed funding: $1.2M
- Latest round: Seed (Jun 15, 2017)
- Investors on record: 1

## About

Bottle Lab Technologies Pvt. Ltd. operates as SmartQ, an innovative provider of food service solutions for corporates, universities, and events, enhancing dining experiences through technology-driven services.Founded in 2014 in Bangalore, India, Bottle Lab Technologies Pvt. Ltd. specializes in food service management. The company was acquired by Compass Group in March 2021, enabling expansion of innovative solutions across its client base. The founders include Abhishek A, Hardhik Sheth, Keshav Meda, Krishna Wage, and Rakesh Chandrashekar, with Krishna Wage serving as CEO. The company has successfully raised a total amount of INR 44.160 mn, leading to a current valuation of INR 518.866 mn.SmartQ provides comprehensive food service solutions, including digital cafeteria management, end-to-end mess services, and specialized event catering. Partnering with over 1,500 food vendors, the company caters to corporate offices and universities, ensuring diverse and hygienic food options across 19 countries.In the most recent fiscal year (2023), SmartQ reported revenue of INR 13,879,685.8, alongside an EBITDA loss of INR 179,422.3. The company's revenue model is based on service agreements with B2B clients, facilitating customized food management solutions and catering services.Following its acquisition by Compass Group in March 2021, Bottle Lab Technologies Pvt. Ltd. plans to leverage funding to enhance its service offerings. The company aims to introduce new product lines and expand its presence in additional geographic markets, focusing on integration into Compass Group's strategies for growth in the food service sector.

## Funding rounds

- Seed, Jun 15, 2017, $0.7M — YourNest Capital Advisors
- Seed, Aug 8, 2016, $0.2M — YourNest Capital Advisors
- Seed, Feb 5, 2016, $0.2M — YourNest Capital Advisors

## Investors

- YourNest Capital Advisors (https://capitalatlas.ai/funds/yournest-capital-advisors) — Seed