Their funds will be used to strengthen the three critical elements of the platform: consumers, restaurants and food and beverage brands.
Singapore-based in-restaurants solutions provider TabSquare has announced that they have reached SG$10 million (US$7.2 million) in a Series B financing led by the Japanese shopping comparison website, Kakaku.
The said funds will be used to further improve their AI-powered restaurant solutions as well as support its growth into Asia Pacific markets such as Australia, Indonesia, Malaysia, Singapore and Thailand. Some of their clients include brands such as Sushi Tei, Chili’s, Strike Bowling, Old Town White Coffee and PappaRich.
The funding round is supported by Coca-Cola Amatil, Resorts World Inc and their existing investor Walden International.
“TabSquare’s fast-paced growth proves there is a strong demand for innovative and effective technology that can solve issues commonly faced by restaurants in the region such as low restaurant profitability, high staffing costs and language barriers,” Chirag Tejuja, co-founder of TabSquare, said.
“Restaurants today have many technology solutions available but few have been as effective in impacting their business and customer experience as TabSquare solutions. We have a slew of new products and services in the pipeline that we believe will add even more value to restaurants in the region.”
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