Startup
Posted: 1 year ago

KovZy - Platform that Creates a Sales Channel for Restaurants

At 500Georgia's Demo Day, the KovZy platform created by Alexander Tsintsadze and Sandro Darsavelidze was presented to investors and viewers, which makes a direct sales channel and gives restaurants the opportunity to accept online payments and deliver orders to customers on time.

"We doubled our revenues in one year and generated a GMV of 7 million dollars", - said Aleksandre Tsintsadze.

"The KovZy platform creates a direct sales channel for restaurants and enables them to accept online payments and deliver customer orders. As for the platform's functionality, today the platform consists of two most important modules: online sales and QR menu.

The KovZy platform allows food establishments to easily create their own website, add dishes, and choose the preferred payment and delivery services. The functionality required for perfect online trading is integrated into the platform.

The KovZy platform offers catering services outsourcing services with the help of partner courier companies.

By using our partner courier services, restaurants get the following benefits:

• delivery fee, which does not depend on the volume of the order;
• It is possible to "share" the existing commission with the client, that is, the restaurant can determine the cost of the order, after which the client will not subsidize this service (for example, orders above 50 GEL are free);
• The full amount goes to the restaurant and then it charges the courier;
• The courier is called automatically from the admin panel at the moment of confirmation of the incoming order;

The QR menu allows customers to browse the menu and order their desired dishes directly from their smartphones without downloading any additional apps. The easiest way to go to the menu is by scanning the QR board placed on the table", said Sandro Darsavelidze, co-founder of KovZy.

500 Global is a global venture capital firm that invests in early-stage technology startups. Since its inception, 500 Global has invested in more than 2,600 companies - of which 45 are valued at more than $1 billion and more than 130 are valued at more than $10 billion. 500 Global works closely. 500 Global is implemented in the Caucasus under the name of 500Georgia, in cooperation with the Bank of Georgia and the Georgian Technology and Innovation Agency (GITA). Among the goals of 500Georgia are the strengthening of Georgia's startup ecosystem, development of investment potential and scaling of startup companies in the global market.