Flipdish says the investment will enable it to grow its international footprint, continue to build a world class product for its restaurant partners and attract new customers from independents to large food chains.
Founded by brothers Conor and James McCarthy in 2015, Flipdish brings online ordering capability in house, so takeaways and restaurants don’t have to rely on a food delivery marketplace, enabling them to reduce their commission fees and build a closer relationship with their customers.
Conor McCarthy, co-founder and CEO of Flipdish comments: “The pandemic has brought home to restaurants how critical it is to build a direct digital relationship with their customers. Many are fed up of competing with the food delivery marketplaces for that customer relationship, drivers and real-estate and worry that they are planning to siphon away their customers by building a network of competing brands and virtual restaurants in their local area.”
He continues: “We are delighted that with its deep domain expertise and intimate knowledge of the competitive landscape, Tiger Global has selected Flipdish as the best investment opportunity in this space in Europe. Flipdish’s mission is to protect and power a diverse, independent food sector, and every cent of this investment will go towards realizing that goal.”
Tiger Global Management is an investment firm focused on global internet, software, consumer-tech and fin-tech companies. Its previous early-stage investments include Facebook, LinkedIn, Uber, Airbnb, Peloton, Stripe and Flipkart.
Operating in 15 countries including France, Germany, Ireland, Spain, UK and US, Flipdish provides its technology to thousands of independent restaurants as well as major brands like Subway, Wagamama, Cojean, Dunnes Stores and Eddie Rockets.