Startup Funding Alert: SevenRooms Raises Another $50M for its Hospitality Management Platform

#hospitality #covid19 #startupfunding #fundingalert #restaurants #hotels #contactless #technology

SevenRooms raised $50 million in a Series B funding round led by Providence Strategic Growth.

Two Credit Suisse bankers came together in 2011 and noticed they were having a difficult time securing, flexible reservations at top NYC restaurants with their hectic schedules. This led them to look further into the restaurant industry’s guest experience operations at a holistic level.

Today, SevenRooms is a complete guest experience management platform that allows restaurant, hotels, and entertainment venues to manage their forward-facing operations from a single CRM that’s built and designed from the ground up for the hospitality industry. The platform handles reservations, waitlist and table management, ordering, and marketing. As the hospitality industry has been severely impacted by COVID-19, SevenRooms quickly introduced contactless solutions and is offering a number of their platform features for free through the end of the year to help the industry recover. Clients include Mandarin Oriental Hotel Group, MGM Resorts International, Wolfgang Puck, and Topgolf.

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SevenRooms Raises Another $50M for its Hospitality Management Platform

Two Credit Suisse bankers came together in 2011 and noticed they were having a difficult time securing, flexible reservations at top NYC restaurants with their hectic schedules. This led them to look further into the restaurant industry's guest experience operations at a holistic level.

Dubai-based startup MyMenu offers contactless ordering solutions for restaurants

Founded by Abhishek Bose, My Menu is a digital menu platform that offers a contactless self-ordering system and table service for customers to communicate with restaurant staff.

My Menu was globally launched in March 2019 and is now present in 1,000-plus restaurants across the US, the UAE, Saudi Arabia, Oman, India, Spain, Portugal, and Brazil. It is a self-managed solution available in over 142 languages, which makes it the ideal solution for a global rollout for bigger brands.

“We are an all-in-one solution – Tablet Menu, QR Menu, QR Ordering, and Online Ordering. All this on one platform that can take care of all your menu needs. Our platform has only one objective – to increase the average check value by up-selling, increase guests satisfaction and efficiency, and decrease costs,” Abhishek Bose, Founder and CEO at My Menu, tells YourStory.

The company has a monthly subscription fee starting at $31/$39 monthly if paid annually or monthly. The startup has been self-funded till now by the founders along with the CFO of the company, Prateek Dayal. The team adds that the company has always maintained an operational profit, which has helped fuel its growth.

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This Dubai-based startup offers contactless ordering solutions for restaurants amid coronavirus

Social distancing is the new normal due to the coronavirus outbreak. People and companies are coming up with strategies and techniques to ensure that a safe distance is maintained even on a regular day of business. Startups are coming up with solutions that reduce the need for physical contact.