Chope funding round secures $18 million
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Restaurant-booking app Chope has secured S$18 million from multiple investors.
Led by venture capital firm Square Peg Capital, the investors in the funding round include Moelis Australia, NSI Ventures and SPH Ventures.
Chope CEO Arrif Ziaudeen says the funds will be used to improve product, increase staff numbers and enhance customer support. The Singapore-based company will also “invest heavily in further innovations” while deepening its reach into its markets across Asia.
“Chope offers a compelling service to both restaurants and diners,” says Square Peg partner Tushar Roy.
Questions & Answers
Q.Which companies have invested in Chope during this funding round?
Which companies have invested in Chope during this funding round?
The funding round was led by venture capital firm Square Peg Capital. Other investors included Moelis Australia, NSI Ventures and SPH Ventures, contributing to the S$18 million secured by Chope.
Q.What are Chope's plans for the newly acquired funds?
What are Chope's plans for the newly acquired funds?
Chope plans to use the funds to improve its product, increase staff numbers, and enhance customer support. The company will also invest heavily in further innovations and deepen its market reach across Asia.
Q.Where is the restaurant-booking app Chope based?
Where is the restaurant-booking app Chope based?
Chope is a Singapore-based company. It aims to deepen its reach into markets across Asia following this funding round, indicating a focus on expanding its services regionally from its base.
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