30 Jun '15, 4am

Singapore's @ChopeSG gobbles up US$8M #investment. By @rahilmb #startup

Singapore's @ChopeSG gobbles up US$8M #investment. By @rahilmb #startup

Singapore-based Chope Group, firm the eponymous Chope restaurant reservation service, has just announced receiving US$8 million in an investment round led by F&H Fund Management , along with NSI Ventures , the venture arm of US$1.8 billion Northstar Group. NSI also recently invested in fellow Singaporean food startup RedMart . DSG Consumers Partners, Frontier Ventures, Singapore Press Holdings and other unnamed Chinese investors also participated. Singapore Press Holdings had invested US$1.3 million into Chope back in 2013. Prior to this investment, the company raised US$3.5 million since its launch in 2011, making this latest round its largest ever. Chope (which is Singaporean slang for ‘reserve’), so far has operations in five major Asian cities: Singapore, Bangkok, Beijing, Shanghai and Hong Kong. It has more than doubled revenue and has sat over 20 million diners to da...

Full article: http://e27.co/chope-gobbles-us8m-investment-wants-become-...

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