Eat App, a Bahraini and Dubai based startup just raised $3M in a Series A round that was led by Middle East Venture Partners (MEVP) and joined by 500 Startups (MENA), Pinnacle and Tenmou, Bahrain’s first angel company.
The startup Eat launched back in 2013, is an online reservation management platform that allows customers to book for their favorite restaurants online. The platform also makes it easier for restaurants to internally manage reservations and tables and notify customers if there are any changes or updates.
According to Magnitt the investment comes after Eat has seated more than 3.5 million customers, generating over $250M worth of orders for restaurants in Bahrain and UAE alone.
We asked the founder Nezar Khadem on what they’re planning on doing with the investment and he shared they currently have two main focus points, one of them is to grow their presence in Eat’s home markets, the UAE and Bahrain, and launch in new markets across the gulf.
The second plan is to develop their services. “We also plan to expand our offering to additional verticals beyond reservations, including automated marketing, analytics, and loyalty,” Nezar added.
Back in October 2017, Eat announced a partnership with TripAdvisor and Time Out Dubai where residents and tourists who’re searching for a restaurant can directly book the table on both platforms, instead of going all the way to the app or website.
But that’s not all yet, Nezar also shared with us some really cool and exciting news coming up for the startup. “We’re working on the world’s first blockchain product in the food tech space called “eat0x”, that will address major challenges in our space including payments, and filling seats when restaurants need it the most,” he told Startup MGZN.
Isn’t that exciting?