Online ordering company Flipdish raises $100 million

Brothers James and Conor McCarthy founded Flipdish in 2015. / Photo courtesy of Flipdish

Online ordering company Flipdish has raised $100 million in a funding round led by Chinese tech giant Tencent.

The Series C round values ​​the Dublin-based provider at $1.25 billion, making it a “unicorn” in startup parlance. It follows a $48.5 million investment in February 2021.

It also makes Flipdish a serious player in the competitive online ordering market. The company offers branded mobile apps and websites, QR code ordering and payment, and marketing tools. It works with thousands of restaurants in 25 countries, including the United States

Flipdish said it would use the money to expand its business, fund new products and add customers, especially hotels, stadiums, cinemas and airports.

The company saw rapid revenue growth in 2021 as more restaurants began launching first-party ordering channels rather than relying on aggregators like DoorDash and Uber Eats, he said. . Its customers range from independents to chains and ghost kitchens.

“Digitalization has been transforming the hospitality industry for years,” said CEO and Co-Founder Conor McCarthy. “The ongoing pandemic has further accelerated the trend, with hospitality businesses becoming increasingly reliant on digital experiences to attract and retain guests.”

It is now backed by one of the largest companies in the world in Tencent, which has interests in video games, social media and entertainment. He created WeChat, a messaging app widely used in China, and owns major video game developer Riot Games.

Companies that offer products similar to Flipdish have been among the biggest winners in funding rounds over the past year as demand for digital orders increases.

Members help make our journalism possible. Become a Restaurant Business member today and unlock exclusive perks, including unlimited access to all of our content. Register here.

Comments are closed.