ORZON Ventures, a US$50-million VC fund powered by the Thai oil marketing major OR, has announced its participation in the Series A round of Hungry Hub, a local restaurant and hotel reservation platform for special occasions.
Founded in 2017, Hungry Hub is a restaurant and hotel reservation platform for special occasions in Thailand. It informs its users of the net price they will pay before walking into a restaurant. In addition, it also provides fixed-price offers and gourmet delivery services.
Hungry Hub claims to have partnered with more than 900 outlets in Bangkok, Pattaya, Hua Hin, Koh Samui and Phuket. The list includes top restaurants in Thailand, such as Copper Buffet, Audrey Café, The Coffee Club (Minor Group) and global hotel brands such as Marriott, Anantara and Banyan Tree.
The firm claims to have served over two million diners and generated over 1 billion baht (US$30 million) GMV.
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In August 2019, Hungry Hub raised seed money from Expara and 500 TukTuks (a fund under Thailand’s 500 Global network). Then, the platform received its pre-Series-A stage funding from ECG Venture Capital and MOVF Media Group.
Surasit Sachdev, Co-Founder and CEO of Hungry Hub, said: “This year, we will focus more on the luxury segment—be it the fine dining, the omakase, the chef table, and the restaurants/hotels that promise exceptional experiences to fit with our concept of special occasion offers. Our target for the next 12 months is to have 2,000 restaurant partners, generate 1 billion baht annually for our partners, and expand our services beyond Thailand.”
Rajsuda Rungsiyakull, Senior Executive Vice President, Orion Project of OR, said: “We see this investment in Hungry Hub will fulfil lifestyle ecosystem and add values to F&B business in the long run while catering to the needs of the consumers for both Hungry Hub’s partnered restaurants and those under OR’s portfolios, making OR one crucial part in daily lives of consumers of all lifestyles.”
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