NSI Ventures, F&H lead $8m round for Singapore's Chope

DSG Consumers Partners, Frontier Ventures, and existing investor Singapore Press Holdings (SPH) also participated in the round.

The start-up has now raised about $12.5 million since its launch in 2011. The company first received around $880,000 from Innosight Ventures in November 2012, and then raised $2.5 million from SPH in March 2013.

Chope's online platform allows users to make restaurant reservations and use their phone to queue for the busiest restaurants through its integrated service Ticktock. The platform - which now covers Singapore, Hong Kong, Shanghai, Beijing ,and more recently Bangkok - also offers marketing services to restaurants. The start-up claims to have seated 20 million diners to date.

"As demonstrated by their remarkable growth, Chope's service provides real value to both diners and restaurant operators," said John Wu, chairman of F&H Fund Management, in a statement. "We hope to help Chope expand its platform to more Asian cities, and accelerate the company's pace of product innovation."

NSI focuses on Series A and B investments in Southeast Asia-based technology companies. Its other investment include online grocery retailer Redmart, big data company Crayon Data, online travel agent Oway, Indonesia motorcycle transportation courier service Go-Jek, and automated flatbed machine maker Zimplistic Inventions.

In February, it led a Series A round of funding worth $8 million for Asian insurance and wellness marketplace CXA, alongside F&H and healthcare investor BioVeda.

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Save this article  
• Send to  

• Topics
• Technology
• Early-stage
• Southeast Asia
• Technology
• Venture
• Singapore
• NSI Ventures
• F&H Fund Management