Dublin-based digital food-ordering platform Flipdish has secured €40 million (approx £35 million) from Tiger Global Management, an investment firm focused on companies in the global Internet, software, consumer, and financial technology industries.
This funding will enable the Irish company to expand internationally and to deliver enhanced service to existing customers.
“The investment fits our strategy of investing in high quality companies that are benefiting from powerful secular growth trends and are led by excellent management teams,” said John Curtius, Partner at Tiger Global Management.
Operates in 15 countries
At present, the company operates in 15 countries including the UK, France, Germany, Ireland, Spain, and the US, and provides technology to thousands of independent restaurants as well as major brands like Subway, Vapianos, Press Up Group, Cojean, Dunnes Stores and Eddie Rockets and Romayo’s.
Witnessed 300% growth
Founded by Conor McCarthy, and James McCarthy in 2015, Flipdish offers tools to track performance and help measure online sales plus automated re-marketing and retention tools to promote customer loyalty. The company has witnessed enormous growth around 300% last year during the pandemic.
Conor McCarthy, says, “We processed 5 million orders in 2020 alone. We’ve helped all sorts of businesses move to delivery and collection for the very first time with their own branded website and app. We’ve invested heavily in our product, developing new features and optimising the ordering experience.”
He adds, “We’ve hired the best people to help make our vision a reality. Our team has grown to more than 160 people, spanning 20+ nationalities, across the globe. And we will hire a further 200 people in 2021. Great product and great customer service have always been at the core of the Flipdish promise. That will not change. We’ll be better positioned than ever before to help our customers – new and old – grow and succeed.”