Jan 3, 2023
Gofrugal is happy to announce its acquisition of COZY POS to help restaurants digitally transform, stay ahead and serve the constantly changing consumer preferences. As part of the acquisition, the entire COZY POS team will join Gofrugal.
COZY POS is a leading business automation solution for the F&B industry headquartered in Hyderabad, recognized widely as one of the niche solutions for single and multi-location chain or franchise businesses supporting all restaurant formats.
Gofrugal, a digital-first omni-channel ERP software with more than 30,000+ customers across 80+ countries offering cloud and mobile ERP solutions to Restaurant businesses along with the Retail and Distribution industry, eyes the addition of COZY POS as a key growth driver in servicing the restaurant market with improved strength and focus.
With this acquisition, COZY POS customers would continue to get support, maintenance of the current solution and assistance to migrate to Gofrugal. COZY POS customers will have the freedom to choose from the wide range of digital offerings from Gofrugal to become an omni-channel business with the help of solutions like ONDC integration, a platform to open their e-commerce app, home delivery management app, and many more to grow their business efficiently.
Also, this acquisition gives an increased presence to Gofrugal in AP & Telangana markets with increased investments in restaurant tech to enter new markets and be the partner of choice for restaurants worldwide.
Kumar Vembu, CEO of Gofrugal, speaking on this acquisition says, "I am excited to welcome Jayagopal Theranikal as President of Gofrugal. I'm confident Jayagopal's rich experience in restaurant businesses worldwide will help Gofrugal deepen and strengthen the product range to emerge as a leader in restaurant tech solutions."
Jayagopal Theranikal, founder and CEO of COZY POS, speaking on this acquisition says, "I am excited to be a part of the Gofrugal team and their vision to digitally transform restaurant business with their agile solutions. This combination will give restaurant businesses a competitive advantage. Gofrugal's leadership in point-of-sale solutions across many business verticals will help the COZY POS team to offer a wider product range to the existing COZY POS customers. Such consolidation in the POS market is necessary for focused development to offer advanced solutions to solve ever-changing market requirements. "
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