Bangkok and India-based Eatigo, a leading restaurant reservation platform has raised funds in pre-series C led by existing investor TripAdvisor, bringing the overall raise across all its investors to date to over ₹171 crores ($25 million). The funds raised will be used to expand the Eatigo’s presence across Asia Pacific countries, along with extending its product offerings.
Eatigo was founded by Judy Tan, Michael Cluzel, Pumin Yuvacharuskul, Siddhanta Kothari in 2013. It aims to help its users get better deals and reservations in restaurants of their choice. It has over 4,000 restaurant partners serving over 4 million users by providing a wide range of discounts on restaurants from high-end restaurants to budget restaurants.
It already has its presence in 6 countries including the Philippines, Singapore, Thailand, Hong Kong, India, and Malaysia, with plans to expand to other countries.
Michael Cluzel, co-founder, and CEO, Eatigo, said, “Eatigo is excited to continue its strong relationship and collaboration with TripAdvisor. 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”.
With the latest investment, TripAdvisor will be looking to strengthen the business of TheFork, its own online restaurant discovery and booking platform. TripAdvisor had acquired TheFork in 2014. It has a presence in 11 countries, providing reservations for over 50,000 restaurants. TheFork will be looking to expand into Asia Pacific region with the help of Eatigo.
“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.”
This partnership will help both TheFork and Eatigo to expand their presence and take advantage of each other’s network and capabilities to help serve their customers better.