Eat App, a Dubai-based restaurant reservation startup, is intensifying its efforts in India by securing $10 million in a Series B extension round and acquiring a competitor named ReserveGo. Additionally, the company has partnered with Swiggy, a prominent food and grocery platform, to offer a comprehensive solution to restaurants, enabling them to consolidate reservation data and enhance their business strategies.
Eat App has already operated in more than 92 countries and served over 5,000 restaurants. The company is now targeting the rapidly growing Indian market, where it has expanded its services to include over 2,000 restaurants in the past year alone. India’s thriving food service industry, projected to exceed $85 billion by 2028, presents a significant opportunity for Eat App to capitalize on the dine-in sector, which accounts for more than half of the industry’s revenue.
The acquisition of ReserveGo, which catered to more than 1,000 restaurants at the time of purchase, further strengthens Eat App’s position in the competitive Indian market. Notably, ReserveGo’s platform successfully managed an average of 5 million reservations per month over the last year without any downtime. This strategic move, coupled with the partnership with Swiggy, showcases Eat App’s commitment to enhancing its restaurant-focused product offerings and expanding its market reach.
Source: TechCrunch