Thailand’s restaurant review platform Wongnai announced that it has invested $1 million in a restaurant point-of-sale (POS) startup FoodStory, it said in a statement today.
Wongnai will also partner with FoodStory to launch Wongnai POS, a restaurant managment system to help connect restaurant owners with Wongnai users, which will be available for free on iOS platform’s App Store in August.
“It’s an important step for us to work closer with restaurants with the goal to create more values to both consumers and business owners. Wongnai POS is designed to connect restaurants to 8 million Wongnai users, LINE MAN Delivery service, or even financial services from Siam Commercial Bank from day one,” said Wongnai co-founder and CEO, Yod Chinsupakul.
Established in 2010, Wongnai claims to be the top application for restaurant reviews and it allows users to search for restaurants, spas, hotels and attractions in Thailand through its website and mobile app.
It has grown to more than 8 million monthly users, and has connection with more than 250,000 restaurants in Thailand. It is present in nine Thai cities and has a team of 250.
Wongnai has raised an undisclosed Series B financing round in April 2016, led by InVent, the venture capital arm of Intouch Holdings.
Another indirect competitor, Bangkok-based restaurant booking startup Eatigo has recently closed an undisclosed pre-Series C round led by travel website TripAdvisor, who also led Eatigo’s Series B round in October 2016.