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Announced

Completed

Tencent led a $100m Series C round in Flipdish.

Financials

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Transaction Value£73m
Consideration TypeCash
Capital Owned-
Capital Bid For8%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private Equity

E-commerce

online food ordering

Ireland

Single Bidder

Completed

Acquisition

Minority

Private

Venture Capital

Cross Border

Friendly

Synopsis

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Tencent, a Chinese multinational technology and entertainment conglomerate, led a $100m Series C round in Flipdish, an international online ordering and digital experience platform for hospitality. "Digitization has been transforming the hospitality sector for years. The ongoing pandemic has further accelerated the trend with hospitality businesses becoming increasingly dependent on digital experiences to attract and retain customers. Our investment will help us to empower more hospitality businesses around the world to grow with the best-in-class technology," Conor McCarthy, Flipdish CEO.

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