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If the restaurant's idea is your idea, it is a good business. But the real money is not on the monthly fee you will charge restaurants to update their menus. T
by carlossouza 3y ago
If the restaurant's idea is your idea, it is a good business.
But the real money is not on the monthly fee you will charge restaurants to update their menus. That you can give for free.
The money is in automating their purchases and delivery of ingredients they need to run their restaurants. If you already know what they serve and have a system running their backend, it's easy to do that.
And everyone in this business knows one of their main pain points is purchasing ingredients: it needs to be done frequently, fast, from a good supplier, preferably close to them, and at a good price. It's a hustle. They spend a lot of money, time and energy doing that.
There are fast-growing SaaS companies in Brazil making a lot of money in that area.
- moneywoes 3y agoWould these be fully SaaS considering the operational difficulties? Or do 3rd parties handle the logistics. Would really appreciate if you could share some of these Brazilian companies as English google did not yield any results.
- carlossouza 3y agoSure! One of the hottest ones is called Zak. They just received a $15 million check from Tiger Global and other top VC funds in Latin America. Here are some news articles in English: https://techcrunch.com/2021/11/10/digital-restaurant-startup-zak-orders-up-new-capital-on-mission-to-be-toast-of-latam/?guccounter=1 https://techcrunch.com/2021/11/10/digital-restaurant-startup... https://www.bloomberglinea.com/english/tiger-global-leads-15m-series-a-in-brazilian-restaurant-management-startup-zak/ https://www.bloomberglinea.com/english/tiger-global-leads-15... https://www.crunchbase.com/funding_round/zakpay-series-a--b92af04f https://www.crunchbase.com/funding_round/zakpay-series-a--b9... Their website is in Portuguese only, but I think you can ask Google Chrome to translate it: https://www.zak.app/ https://www.zak.app/ Hope it helps!