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Starting the reservation of a restaurant based in Bangkok Eatigo has obtained an undisclosed pre-C series tour conducted by the current TripAdvisor investor, bringing its total external financing to more than $ 25 million announced the start-up today. C comes as a TripAdvisor restaurant business unit and its subsidiary, The Fork, seeks to expand Eatigo's presence and services across the Asia-Pacific. The new capital will be used to launch the start-up in several other markets and expand its product offering.
"These new funds will be essential to enable Eatigo to consolidate and extend the reach of its leadership and expertise in helping its customers to" With more than 4 million users and more than 4,000 partner restaurant owners, Eatigo claims to have a leading position in all the markets in which it operates
Founded in 2013, launched in June 2014, Eatigo has expanded its operations from Thailand to Malaysia, Hong Kong, the Philippines and the United States. India last year The expansion in India was achieved through the acquisition of a local Ressy start-up for an undisclosed amount.Eatigo is also present in Singapore [19659002] The restaurant reservation industry is becoming more and more competitive in the region.Eatigo is competing with the Malaysian Offpeak Restaurant Reservation Application, which offers off-peak discounts for dinners. OpenTable HungryGoWhere and TableApp, which offer restaurant reservation services to consumers. "Eatigo is a global leader in our field and we have shown that we can compete successfully with direct clones as well as less directly related platforms.Our value proposition is that we provide a win-win-win solution for the consumer, the restaurant and Eatigo.Through our performance management approach, restaurants can be more profitable and have more customers in off-season when they work with us, "Cluzel told DEALSTREETASIA in an email conversation
The user base, reservations and sales have increased three or four times in the last 12 months, Cluzel has refused to disclose the Eatigo plan for its C series
TripAdvisor funded Eatigo in its Series B in October 2016. It closed a multi-million dollar Series A in December 2015.
The Fork was bought back by TripAdvisor in 2014 to expand the growth of travel website to & # 39; restaurant reservation business. The Fork operates in 11 countries and supports booking services for more than 50,000 restaurants.
First Vice President of TripAdvisor Restaurants and founder of The Fork, Bertrand Jelensperger commented: "In order to strengthen our presence in the Asia-Pacific region, we believe that our latest strategic investment in Eatigo will continue to support a large enterprise and a strong management team. "
See also:
Thailand: Eatigo, a restaurant booking application B funding from TripAdvisor [19659002] The Offpeak Restoration Application Increases the Footprint of Southeast Asia Through Financing YJ Capital
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