TheFork
Financials
Estimates*
USD | 2019 | 2020 |
---|---|---|
Revenues | <1m | <1m |
% growth | - | 3283 % |
EBITDA | - | <1m |
% EBITDA margin | - | 47 % |
Profit | <1m | <1m |
% profit margin | 636 % | 32 % |
Date | Investors | Amount | Round |
---|---|---|---|
N/A | €1.0m | Early VC | |
$4.3m | Early VC | ||
N/A | €3.3m | Early VC | |
$10.5m | Late VC | ||
$140m Valuation: $140m | Acquisition | ||
Total Funding | €17.8m |
Recent News about TheFork
EditTheFork operates an online platform that facilitates restaurant reservations for diners while providing exclusive deals and loyalty rewards. The company serves a diverse clientele, including individual diners, groups, and corporate clients, primarily in the hospitality and dining sectors. TheFork operates in the global restaurant reservation market, leveraging a digital business model that connects diners with a wide range of restaurants. The platform generates revenue through a commission-based model, charging restaurants a fee for each reservation made through its service. Additionally, TheFork offers premium listing options and advertising opportunities for restaurants to enhance their visibility on the platform. The company also benefits from its loyalty program, 'Yums,' which incentivizes repeat usage by offering points that can be redeemed for discounts on future reservations. This multifaceted approach ensures a steady stream of revenue while providing value to both diners and restaurant partners.
Keywords: restaurant reservations, online platform, exclusive deals, loyalty rewards, hospitality, dining sector, commission-based model, premium listings, advertising, Yums program.