The financial details of the acquisition were undisclosed,
MakanLuar was launched in November 2013 and in 2015 fulfilled almost 100,000 reservations.
Kunal Narang, co-founder of MakanLuar, in an official statement, said : through this cooperation the company will try to leverage Chope’s resources for a larger market share in Asian market.
Kunal and co-founder Hiro Mohinani will remain in charge of MakanLuar after the deal.
“MakanLuar already had impressive traction and we saw obvious opportunities to further increase their aggression with our technology, marketing, and support,” Chope CEO Arrif Ziaudeen said in an official statement.
Chope was founded in June 2011 and has raised a Series C funding S$8 million funding round led by NSI Ventures, the VC arm of the private equity firm Northstar Group, F&H Fund Management, DSG Consumers Partners, Frontier Ventures, Singapore Press Holdings and unnamed Chinese investors.
Prior to this investment, Chope raised $3.38 million in its previous rounds. This Series C brings total funding to $11.38 million.
Existing investor also increased its share capital, being among the participating investors. It had invested $2.5 million in Chope’s Series B round in March 2013.
Chope (Singaporean slang for ‘reserve’) works by letting diners log onto the service via its website or smartphone app, select a restaurant, reserve a table and receive instant confirmation via email.
Chope is present in Singapore, Bangkok, Beijing, Shanghai and Hong Kong. It claims to have more than doubled revenue and seated over 20 million diners to date, since being launched by CEO and founder Arrif Ziaudeen in June 2011.
Chope’s recent acquisition of Singapore-based queueing service Ticktok in November 2014 further expanded its service offerings. This acquisition enabled it to access both the reservation and walk-in crowd, via automated phone calls and an SMS reminder when their table number is about to be called.