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Yidiandian Secures USD3 Million to Make Restaurants More Efficient

Yidiandian Secures USD3 Million to Make Restaurants More Efficient

Tang Shihua

Date: Thu, 01/18/2018 - 17:29 / source:Yicai
Yidiandian Secures USD3 Million to Make Restaurants More Efficient
Yidiandian Secures USD3 Million to Make Restaurants More Efficient

(Yicai Global) Jan. 18 -- Restaurant management platform Yidiandian has closed CNY20 million (USD3 million) in A-round financing as it looks to upgrade its software-as-a-service systems and research blockchain technology.

Anpu Ventures led the round, online news outlet 36Kr reported.

Yidiandian customizes WeChat official accounts for eateries and enables customers to reserve tables, order meals and pay bills through their smartphone, cutting waiting times and speeding up table turnover. WeChat is a messaging and lifestyle app run by Tencent Holdings Ltd.

If customers’ actual eating times remain unchanged, the service could see diners spend 50 percent less time in restaurants, said founder Zhao Zhi.

The platform also uses blockchain, the increasingly popular ledger technology behind cryptocurrencies, to track ingredients from the source and ensure food safety.

Software-as-a-service, or SaaS, is an innovative software model that has become widely used over the past decade or so. Once creators host their application online, consumers can use the service as and when needed.

Yidiandian was originally an internal software management system for restaurant brand Kao Shop. The creators opened it up to other establishments and set up an independent company to run it.

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Keywords: FINANCING, SaaS, BLOCKCHAIN, F&B, Restaurants, Yidiandian