Rajat Suri

Rajat Suri is a Canadian-American entrepreneur. He is the co-founder and CEO of Presto.

Rajat Suri
EducationThornlea Secondary School

University of Waterloo

Massachusetts Institute of Technology (attended)
TitleFounder and CEO, Presto

Education

In 2007, Suri received a bachelor's in chemical engineering and economics from the University of Waterloo. He was a Ph.D./M.B.A. candidate at Massachusetts Institute of Technology (MIT) until he dropped out to pursue a career as an entrepreneur.[1]

Career

Zimride / Lyft

Suri was a co-founder of Zimride, which later became Lyft and grew to be the second-largest ridesharing company in the United States.

Presto

In 2008, while trying to split a bill with his friends, Suri was inspired to create a product that allowed restaurant customers to order and pay through a tablet.[2] In October 2008, he founded Presto, then known by its legal name E la Carte in Massachusetts. The company is a major player in the customer-facing technology market for full-service and quick-service restaurants.[3][4]

Presto Technologies, Inc.

On November 10, 2021, Suri announced that Presto entered into a definitive merger agreement with Ventoux CCM Acquisition Corp. ("Ventoux") (NASDAQ: VTAQ), a special-purpose acquisition company that will result in Presto becoming a public company.[5] [6] Upon closing, the company will be renamed Presto Technologies, Inc. and expects to list its common stock on Nasdaq. The combined company has a pro forma equity value of approximately $1 billion.

References
  1. "Start-Ups Mixing Food and Technology Vie for an Edge". The New York Times. December 9, 2011.
  2. "Presto CEO talks high tech dining". April 9, 2019.
  3. Alex M. Susskind, Mark Maynard (15 June 2019). The next frontier of restaurant management : harnessing data to improve guest service and enhance the employee experience. ISBN 978-1-5017-3652-0.
  4. "Restaurants turn to technology to combat labor shortages". January 13, 2022.
  5. "Restaurant-Tech Startup Presto Going Public Through $1 Billion SPAC Merger". November 10, 2021.
  6. "Presto aims to give fast-food restaurants better customer insight through data". November 16, 2021.
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