Eat, a Bahraini startup in the F&B industry that allows users to make restaurant reservations online, has raised $5 million in Series B funding.
The investment round was led by 500 Startups, the Derayah Venture Fund, and MEVP, as well as many angel investors and family members.
Founded in 2013 by Nezar Kadhem, Eat raised initial investment from the Bahrain Business Angels Company, Tenmou, in 2014.
Eat, enabling both users and restaurants to benefit from its services, has two products: one for each party.
The consumer app allows you to locate restaurants near you and confirm your reservations in less than three clicks without the dreading need to call!
Restaurants, on the other hand, have an iPad installed at their front desks, with their app allowing them to manage reservations and tables internally as well as alert the consumer app about availabilities.
With the exciting news of its funding, Nezar says the company plans on utilizing the investment to grow its operations from 1000 restaurants to 5000, further expanding its presence in the GCC.
It’s noteworthy to mention that Eat already operates in Dubai and Abu Dhabi, and plans to start its new expansion plans with Saudi Arabia.
We’re happy for Eat, and we wish them all the best! You can send them a shoutout on their Instagram, Twitter, LinkedIn, and Facebook.