Get the free version of Marbridge Daily delivered to your inbox

Click here to subscribe

Mobile Restaurant Queuing App 'Delicious No Wait' Wins USD 100 Mln Series C

Iyiou, 10/28/15

Shanghai-based Pujing Information Technology, operator of mobile location-based restaurant queuing service app Meiwei Buyongdeng ("Delicious No Wait"), recently announced that it has completed USD 100 mln Series C funding from investors including Chinese online ratings and group buy site Dianping, Chinese internet company Baidu (Nasdaq: BIDU), and Matrix Partners China. This funding will be used to improve Delicious No Wait's online queuing services and expand online reservation services. The company will create a specialized smart reservation management system and hopes to extend its smart online reservations business to 200,000 restaurant partners.

Delicious No Wait is a location-based services restaurant queuing app that enables users to use their mobile phone to obtain a queuing ticket, check their place in line in real time, receive a reminder when their table is ready, and place their orders electronically within the restaurant. Delicious No Wait has already formed strategic partnerships with Dianping, Baidu Maps, Chinese third-party payment processor Alipay, Baidu's group buying website Nuomi.com, and Chinese e-commerce conglomerate Alibaba Group's (NYSE: BABA) digital map provider AutoNavi Holdings. Its restaurant queuing system is already fully integrated with these partners' applications, which users can use to display restaurant queue information and collect a queuing ticket.

Delicious No Wait completed USD 7-digit Series A investment in June, 2013 from Matrix Partners China and Shenzhen Jidi Xintian Venture Capital Investment. It completed USD 20 mln Series B investment from Matrix Partners China and other investors in November, 2014. Currently, Delicious No Wait has 800 employees and 30,000 merchant partners, among which 20,000 use the company's queue management services and 10,000 have partnered with the company for smart reservations services.

Keywords: Meiwei Buyongdeng Pujing VC M&A funding wireless Baidu Dianping Matrix Partners Series C BIDU LBS mobile application

Feedback

Please note, all fields are required.
None of your personal information will be shared with third parties.

SendingSending

Disclaimer

The information contained in this newsletter is based upon sources that Marbridge Consulting believes to be reliable, and we have made every effort to translate the original articles or article excerpts as faithfully as possible. However, Marbridge Consulting makes no warranty of and assumes no legal responsibility for the accuracy of either the original source material or the English language translations.

Marbridge Daily Premium

Interested in gaining full access to all newsletter articles and the Marbridge Daily archive? To learn more about premium subscription options, including pricing, please:

Click here

Marbridge Consulting RSS Feed

Marbridge Reports