Home News Chope lets you book a meal anytime, anywhere; raises US$13M

Chope lets you book a meal anytime, anywhere; raises US$13M

Author

Date

Category

- Advertisement -

The company is already investing in R&D to build AI capabilities and cashless payment options

 

Chope, a Singapore-based restaurant reservation app, announced today it has raised a S$18 million (US$13.3 million) investment round led by Square Peg Capital.

Other investors involved in the funding were C31 Ventures and Moelis Australia. Existing shareholders NSI Ventures, Susquehanna International Group, DSG Consumer Partners, and SPH Ventures also participated in the round.

The money is planned to be used to build new features and Chope is investing money in R&D to pursue AI integration, cashless payments and social dining.

- Advertisement -

“Chope looks forward to our next stage of growth with this new capital and strategic partnership. With these resources, we are positioned to invest significantly in our USPs of user experience and customer service, while deepening our reach into our markets across Asia,” said Arrif Ziaudeen, the CEO of Chope, in a statement.

Also Read: This startup wants to solve Singapore rental woes through flexible leases and flatmate matchmaking

Chope is both a reservation app and a restaurant discovery platform and while someone can use the product to book a dinner date at their favourite restaurant, the discovery feature may be more interesting.

The user visits the sites and enters their location (down to fairly specific neighbourhoods) and the type of food they want (in Singapore, the app has almost 45 options). They pick a time (or not), some magic happens behind the scene and suddenly the user is looking at a list of potential restaurants, their openings and the price range.

They can then book a time with just a couple of clicks.

As for restaurants, Chope acts as a business tool to help companies manage their bookings/queues, customer service, promotions and pre-payments.

The company is six years old and now has a presence in eight cities — Bangkok, Beijing, Bandung, Bali, Hong Kong, Jakarta, Shanghai and Singapore. It has over 3,000 restaurants as clients.

According to Chope, over 60 per cent of its customer-base comes from outside of Singapore — with Hong Kong, Shanghai and Indonesia representing the fastest growing markets.

Also Read: AMA with Amit Saberwal of RedDoorz. Let’s talk travel and hospitality tech!

Overall, the company has raised nearly US$25 million. In June of 2015, the company raised US$8 million round led by  F&H Fund Management and  NSI Ventures. Prior to that it had raised US$3.5 million in total, including a US$1.3 million investment from Singapore Press Holdings in 2011.

The post Chope lets you book a meal anytime, anywhere; raises US$13M appeared first on e27.
Source: e27Follow us on Social Media

Send in your scoops to news@theindependent.sg 

- Advertisement -

A ‘mistake’ to appoint ex-PAP minister Khaw Boon Wan chairman of new entity after SPH restructuring: netizens

Singapore – Netizens expressed concern over the news that former Cabinet minister Khaw Boon Wan will chair the board of the new not-for-profit entity following Singapore Press Holdings' (SPH) restructuring. That, according to them, will be "a mistake." Minister for Communications and...

Viral video: Diners’ run-in with Lau Pa Sat safe-distancing officer on first day of tighter restrictions

Singapore—A video of angry patrons shouting at a safe-distancing officer at Lau Pa Sat has gone viral. The video was taken on the evening of Saturday (May 8), the day the country went back to stricter restrictions on social gatherings following an...

Yee Jenn Jong to Goh Chok Tong: Don’t blame social media for fewer people wanting to join politics

Singapore—Standing Tall, the second volume of former Prime Minister Goh Chok Tong’s biography, was launched only last Friday (May 7), but the Workers’ Party’s Mr Yee Jenn Jong is already questioning one of the statements Mr Goh makes in the book. The...
Follow us on Social Media

Send in your scoops to news@theindependent.sg 

Theindependent