Restaurant Reservation Platform Eatigo Bags Pre-Series C Round, Raised Over $25M Funding To Date
Eatigo, the leading restaurant reservation platform in Southeast Asia, has received an 8-figure follow-on investment from its existing strategic investor, TripAdvisor, bringing its total raise across all its investors to date to over $25M. The pre-series C investment for Eatigo comes as TripAdvisor’s restaurants business unit and its subsidiary, TheFork, look to help expand Eatigo’s presence and services across the Asia Pacific region.
With presence in six countries, including the Philippines, Singapore, Thailand, Hong Kong, India, and Malaysia, Eatigo will use the funds to launch in several more markets and extend its product offering.
"These new funds will be integral in allowing Eatigo to consolidate and extend the reach of our leadership and expertise in helping customers reserve the perfect table,” said Eatigo’s CEO and Co-founder Michael Cluzel.
Founded in 2013, Eatigo which has over 4 million users, offers the largest inventory of discounted restaurants offers in the region with over 4,000 restaurant partners, from upscale hotels and fine-dining establishments to restaurant chains and neighbourhood budget eateries.
“As we look to further our presence in the Asia Pacific region, we believe our latest strategic investment in Eatigo will continue to support a great business and strong management team,” said Bertrand Jelensperger, senior vice president of TripAdvisor Restaurants and founder of TheFork. “TripAdvisor’s continued partnership with Eatigo will help us both better serve millions of diners and restaurant owners who are increasingly turning to online channels.”
TripAdvisor Restaurants was established to better support the needs of diners and the 4.6 million restaurants listed on the travel site. TheFork, which it acquired in 2014, operates out of 11 countries globally and supports reservation services for more than 50,000 restaurants. In the Asia Pacific region, TheFork operates the Dimmi brand in Australia.
TripAdvisor had also backed Dallas-based travel software startup Traxo and Israeli social dining service EatWith, in 2016.
