Istanbul, Turkey-based foodtech startup, FineDine that provides a restaurant management platform ‘FineDine Menu’ has raised an undisclosed amount of funds from Kuwait-based Savour Ventures that aims to scale MENA’s food startup market.
Founded by Duygu Kutluoglu Kilic and Adil Burak Kilic in Istanbul, Turkey in 2016, FineDine is a SaaS menu management platform for restaurants, cafes, bars and hotels that helps accelerate sales and customer retention by digitizing the dining experience with interactive digital tablet menus. It is also a time-saving synergy that enables self-ordering and prevents discrepancy between the diner and the kitchen. The platform also comes with analytics that helps restaurant managers make smart decisions based on historical data to ultimately improve service performance.
At present, FineDine is being utilised by over 800 hotels and restaurants in 52 countries, the major ones being Kuwait, Saudi Arabia, and UAE. The big names include Shangri-La, Hilton, Sofitel, Raffles and Hard Rock Hotel in GCC (Gulf Cooperation Council), South East Asia and USA.
Statements enclosing the deal
“Kuwait is the food capital of the Gulf Region, and we already have many customers there. We believe Savour’s powerful network and experienced mentors will be beneficial for us to gain a deeper understanding of the food and beverage scene in the Gulf region and will contribute towards growing our customer base faster.”
“The MENA region is very important for us as most of our customers are in UAE, Kuwait and Saudi Arabia. Kuwait seems to become the food capital of MENA, which makes this investment very special for us.”
“We see MENA as an emerging and growing market. People are very adaptive to changes and new technologies. When we launched our product in Turkey, we received demands from Kuwait and the UAE. This is the main reason we pivoted to a SaaS model. After that, we started growing in the region and we plan to increase our presence in Kuwait, UAE, and KSA.”
“We have customers in 52 countries, and MENA is where we have most of our customers. So our target is to dominate this region while we continue growing in South East Asia and the USA.”Magnitt
– Duygu Kutluoglu Kilic, Co-founder and CEO of FineDine
FineDine has been an alumni of 500 Startups’ Accelerator Program in San Francisco (Batch 23) and has raised an undisclosed amount of funds from 500 Startups’ Instanbul and also from Turkish angel investors Firat Isbeccer and Hande Enes.
ⓘ Source: Magnitt