Adam Torres and Spandana Nakka discuss Sleek.
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Who likes to wait in lines? What if there was a better way? In this episode, Adam Torres and Spandana Nakka, Co-Founder & CEO at Sleek, explore how Sleek is changing the way businesses connect with their customers by eliminating the line.
Sleek is an early stage startup solving for the dreaded waiting in lines.
At a popular spot with long lines, they let customers hold their spot in a virtual queue, and for those unwilling to wait, there is a dynamic ‘demand fee’ charged that would expedite their spot while adding revenue to your business. They use deep learning to dynamically calculate wait times and ‘demand fee’ that takes into account the demand and supply among other factors – similar to Uber’s ‘surge pricing’
Sleek is backed by LightSpeed Ventures, BAM ventures and part of the StartX cohort S20.