Tablet Ordering Platform Service 'TOrder' Secures Additional Investment from Big Basin Capital

Tablet ordering platform service TiOrder announced that it has secured additional investment from Silicon Valley-based venture capital Big Basin Capital. This is the third investment from Big Basin Capital, and the amount of the investment remains undisclosed.

Seon-ki Hong, Lead Investment Officer at Big Basin Capital who oversaw this investment, stated, “TiOrder is a leading company driving the digital transformation of the food service industry and offline spaces, which had lacked innovation despite their close connection to daily life.” He added, “By proving both key factors?‘labor cost reduction’ and ‘sales increase’?through efficiency and automation, the team has demonstrated both expertise and scalability, which is why we have made this third investment from seed funding through Series A.”

Sung-taek Kwon, CEO of TiOrder, said, “We will do our best to become a company leading the digitalization of offline facilities.” He added, “Our goal is to help small business owners operate their stores more smartly as a data platform, going beyond the tablet unmanned ordering platform. We aim to expand our business scope beyond the food service industry to non-food sectors, becoming the core infrastructure for the digitalization of offline stores.”

Tablet menu platform TiOrder was recognized with a corporate valuation in the 100 billion KRW range and secured an investment of around 10 billion KRW last November, despite the global economic downturn causing a contraction in domestic startup investments. Currently, 15 million people use the service monthly, with over 80,000 units distributed nationwide. Nearly 10,000 units are distributed each month, and it is predicted that more than 200,000 units will be distributed by 2023.

This content was produced with the assistance of AI translation services.