The online food and beverage industry is getting hotter in Indonesia. Online restaurant booking platformannounced today a follow-up investment of US$1.3 million, jointly led by 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.