Presto Raises $30M Growth Financing
Summary
Presto provides a cutting-edge technology suite to top foodservice and hospitality chains that expands operating profits by speeding consumer experiences and improving labor productivity. With national unemployment rates at record lows, restaurants struggle to retain and afford workers who have many options like Lyft or Instacart, and also are challenged to eliminate key friction points in their consumer experiences. "Restaurants serve billions of consumers and are a critical part of our economy, and yet have typically been underserved by world-class technology," said Rajat Suri, Founder and CEO of Presto. "The brick-and-mortar industry is truly a massive one, with massive problems, and we are thrilled to begin a new relationship with Presto who is tackling these problems," commented Mizuho Hiraguri, VP of Corporate Development at Recruit Co., Ltd., the largest service provider to local businesses in Japan, an operating company of Recruit Holdings which is also owners of Indeed and Glassdoor in the US. Prestos comprehensive FOH platform helps restaurants succeed by delivering critical operating insights, maximizing staff productivity and improving the guest experience.
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