Draft:Flipdish
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Flipdish is a technology company that provides digital solutions for the hospitality industry. Founded in 2015 by brothers Conor and James McCarthy, the company is headquartered in Dublin, Ireland, and operates over a dozen countries. Flipdish provides tools for online ordering, point-of-sale (POS) systems, and customer engagement, enabling restaurants, cafés, and hospitality businesses to streamline operations and foster direct relationships with customers.[1]
The company was created to assist hospitality businesses in reducing their dependence on third-party aggregators, aiming to give businesses greater control over their branding, customer data, and revenue streams. The platform offers a variety of solutions, such as POS systems, online ordering capabilities, QR code payments, self-service kiosks, and customer loyalty programmes. Flipdish also provides delivery fleet management tools that integrate with on-demand services like Uber Direct, alongside digital marketing support.[2]
Growth and Funding
[edit]Flipdish has grown significantly since its inception, securing key investments to expand its operations. In 2021, it raised $48.5 million in a Series B funding round led by Tiger Global Management. This was followed by a $100 million Series C round in 2022, led by Tencent, which valued the company at $1.25 billion and made Flipdish one of Ireland's tech unicorns.[3]
The company has expanded its services to customers in 25 countries, operating from offices in Dublin, New York, Berlin, and Barcelona. Flipdish's clientele includes independent restaurants and larger multinational brands, such as Subway and Galeries Lafayette.[4]
Recent Developments
[edit]In 2023, Flipdish reported significant improvements in operational efficiency, cutting pre-tax losses by 58.5%. While the company has shown progress in financial stability, it also faced slower revenue growth compared to previous years, reflecting broader economic challenges within the technology sector.[2]
Despite these challenges, Flipdish continues to innovate and expand its platform to support hospitality businesses in adapting to the evolving digital landscape. Its efforts to help businesses maintain independence from third-party platforms have reinforced its reputation as a leader in the sector.[2]
References
[edit]- ^ "About Flipdish". Flipdish. Retrieved 2025-01-04.
- ^ a b c "Irish tech unicorn Flipdish trims losses despite slowdown". Financial Times. 2023-12-15. Retrieved 2025-01-04.
- ^ "Food tech's newest unicorn Flipdish hits $1.25bn valuation after raising c.$100m" (Press release). 2022-01-13. Retrieved 2025-01-04.
- ^ "Flipdish hits $1.25bn valuation after raising c.$100m". Irish Hotels Federation. Retrieved 2025-01-04.
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