2014年11月26日星期三

Indonesia restaurant booking platform Qraved raises another $1.3 million, will launch in Bali

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The online food and beverage industry is getting hotter in Indonesia. Online restaurant booking platform Qraved announced today a follow-up investment of US$1.3 million, jointly led by Convergence Accel and M&Y Growth Partners. The startup plans to use the fresh funds to accelerate its local expansion and product development.

Qraved regularly offers discounts for reservations made on its online platform. It currently lets users place bookings for more than 1,500 restaurants in Jakarta, and will roll out partnerships with another 1,000 restaurants in Bali next month. Qraved also provides back-end technology for restaurant partners to manage bookings and build guest profiles online.

“Qraved’s vision is to create the best dining experience possible across all occasions. At the same time, we’re assisting our restaurant partners in the growth of their businesses by helping them to reach new markets and drive the development of the F&B industry,” explains CEO Steven Kim. The team plans to establish its presence in Indonesia’s major cities by early 2015.

Convergence Accel is a newly-launched VC in Indonesia, with Qraved co-founder Adrian Li at its helm. It’s really not that hard to see how this deal came about. Qraved previouslyraised seed funding from Rebright Partners, 500 Startups, and Skype co-founder Toivo Annus.

See: Meet Convergence Accel, Indonesia’s newest venture capital firm

Still, Qraved is not the only fish in this pond. It faces competition from fellow online reservation platforms like MakanLuar and Indotable.

This post Indonesia restaurant booking platform Qraved raises another $1.3 million, will launch in Bali appeared first on Tech in Asia.
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