Flipdish secures $100m investment to fuel growth

Flipdish has announced it has received a $100m (£73m) investment from global technology company, Tencent, and Tiger Global, in order to fuel further growth for the food ordering platform.

It said the investment will be used to fuel further growth and innovation in its product and services, and “drive continued success” for customers, calling it a “landmark milestone” for the group.

This investment comes less than 12 months after a $48.5m (£35.4m) investment from Tiger Global Management and previous investments from Elkstone, Enterprise Ireland, Growing Capital and European Investment Fund.

In an online blog post, the group said: “We’ve come a long way in a short amount of time. Since we founded Flipdish in 2015, we’ve been on an exciting journey to becoming the leading online ordering and digital experience platform for hospitality.

“Since day one, we’ve had one simple goal: to empower hospitality businesses to deliver seamless consumer digital experiences that drive business growth. Over the years, this has evolved to include QR code order & pay at table, online ordering for collection and delivery, self-service kiosks, customer loyalty programs, solutions for dark kitchens and digital marketing.”

It added: “In 2022, we’ll take it to the next level and use this investment to fuel further product innovation and help even more restaurant operators take back control and keep money in local economies by eliminating the exorbitant fees charged by marketplaces.”