Thai restaurant booking app Eatigo secures ‘multi-million dollars’ in Series A funding

Captured Image from Eatigo website

Eatigo, the leading dining deals and restaurant reservation portal in Thailand and Singapore, has raised a multi-million US dollar Series A funding round from undisclosed investors.

According to e27’s report today, reservations through eatigo have marked a monthly growth of 25 per cent, enlarging its business seven times since the beginning of this year up to now.

“The whole founding team is thrilled to have found partners who share our vision for eatigo and who will play an important part in getting us to where we want to be,” Michael Cluzel, CEO and Co-founder of eatigo, said in the statement.

It will use the funds to bolster its presence in Thailand and Singapore by increasing user and merchant acquisition. Additionally, it will spend $1 million on creating offline brand to support its online channels.

Eatigo, which was established in 2013 by entrepreneurs of diverse nationalities, aims to fill up restaurants’ empty seats in off-peak hours and increase their profitability.

More importantly, the discounts apply to every food item on the menu and can be booked at no cost whatsoever online without any credit card information and no printing of coupons.

Suggested stories: Thailand-focussed micro fund 500 TukTuks raises additional $2m to fund startups

Thai online payment startup Omise raises third round of financing from Golden Gate Ventures

Thai co-working space HUBBA raises $350K pre-Series A from 500 Startups, Ardent Capital, Golden Gate Ventures

Thai golf-booking app Golfdigg raises $670K from VC arm of Intouch Holdings