Singapore-based restaurant reservation company Chope has announced a partnership with Alipay, a digital payment platform operated by Ant Group.
A DealStreetAsia report said, citing regulatory filings that the Chinese tech giant invested US$15 million in Chope on the back of this deal.
Through this collaboration, Alipay will provide the foodtech startup with its mini-programme SaaS and know-how. At the same time, the Singapore firm becomes Alipay’s platform partner with the capability to integrate a variety of mini-programmes to enhance the functionality and scalability of Chope’s platform.
The partnership means businesses of all sizes can integrate into the Chope app through its customisable mini-programmes. It allows F&B operators to reach the Singapoe company’s millions of users, leverage Alipay’s innovative technology, and easily digitalise operations.
Meanwhile, diners can look forward to a broader variety of F&B types and dining services on the Chope app.
Arrif Ziaudeen, CEO of The Chope Group, said, “The pandemic has fueled the adoption of digital solutions and services among F&B operators. However, for some, the extreme restrictions have forced them to finally adapt to digital lifestyles not only to remain competitive but to survive. Our partnership with Alipay comes at an opportune time to help lead this evolutionary step-change. Working closely with Alipay and our F&B partners, our ambition is to do with Asia’s giant foodservice industry what e-commerce has done with shopping”.
Founded in 2011, Chope works with the region’s leading F&B operators to offers restaurant reservations, table management, marketing, deals, and delivery. With Chope, diners can discover restaurants, make instant bookings, and save with dining deals. Chope’s demand generating diner platform is incorporated with a suite of integrated solutions encompassing reservation, call, queue, and table management.
The firm claims it has served 83 million diners to date. It has partnered with 5,000 restaurants, including The Lo & Behold Group, JUMBO Group, Soho Hospitality, Lost Heaven, Dining Concepts, Hospitality Management Asia, Ismaya Group and The Union Group.
Chope is operational in seven cities, namely Singapore, Hong Kong, Bangkok, Phuket, Shanghai, Bali, and Jakarta.
To date, it has secured US$35.3 million in funding over six rounds from investors, including Square Peg Capital, Openspace Ventures, Singapore Press Holdings, and Innosight Ventures.
Image Credit: Chope
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