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FineDine, an Istanbul-based digital ordering and restaurant management platform has raised $600,000 to fund its expansion into other markets and develop its AI module.
Istanbul-based TechOne VC & Twozero VC, 500 Istanbul (500 Startups’ Turkey Fund), Kuwait’s Savour, and angel investors including Hande Enes, Cenk Serdar, and Lovrenc Kessler participated in the funding round, a statement from the company said.
FineDine's platform enables diners and other customers to place their orders themselves using the tablets provided by restaurants and also make payment using different payment options, including online payment, cash, or credit card (at the table).
FineDine’s SaaS solution also allows restaurants to have their customers place orders using their mobile phones. Customers can scan the QR codes placed on the table to open the menu on their phones to order the food.
In addition to digitizing menus for diners, FineDine enables restaurants to create their digital menu for pick-up and delivery customers as well, that can be shared over Whatsapp, Instagram, different other social media channels.
The platform also provides AI-powered analytics that help the restaurant managers make ‘smart’ business decisions.
Founded by Duygu Kutluoglu Kilic and Adil Burak Kilic in 2016, FineDine currently serves more than 1200 customers in 64 countries. Some of its popular customers include: Turkish restaurant chain Nusr-et, Shangri-La, Hilton, Sofitel, and Raffles Hotels in the GCC, South East Asia, and the USA.
Duygu Kutluoglu Kilic, Co-founder and CEO of FineDine, said: “COVID-19 pandemic affected many businesses. The restaurant industry had one of the most significant hits. The change of regulations and consumer demand is forcing restaurants to digitize their operations rapidly, and FineDine products fit perfectly with restaurants’ new requirements.”
(Writing by Seban Scaria; editing by Daniel Luiz)
#Turkey #SME #Funding #Finance #Startup
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