Eatigo, a Southeast Asia-based dining service just got funded again from travel giant TripAdvisor.
Although the funding remains undisclosed, Eatigo CEO and co-founder Micahel Cluzel mentioned that the funding is “eight-digits”. According to TechCrunch Eatigo is valued over $25 million raised to date since the startup has raised more than $15 million in its previous round from TripAdvisor. Thus, as TechCrunch predicts, the investment could be around $10 million.
The startup was founded in Bangkok back in 2013 to help restaurants fill unused inventory by offering deals to customers at specific times. Unlike other similar services like Groupon, Eatigo helps restaurants manage their inventory and time to fill their quiet hours with customers, instead of forcing people into restaurants for the sake of having customers, as it puts pressure on staff and reduces the quality of the service offered.
Bertrand Jelensperger, Senior CP of TripAdvisor Restaurants and the founder of TheFork commented on the investment saying: “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. 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.”
Additionally, CEO Micahel Cluzel stated that they’re looking to expand in Southeast Asia and the wider Asia market. They’re also preparing a new service that will “move beyond our original scope of doing just time-based discounts.”
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