T’ Order, a Korean table order service startup, announced the successful procurement of Series B investment totaling 30 billion won ($22.8 million). This funding marks a significant milestone for the company, with its corporate value soaring to an impressive 100 billion won ($74.1 million), as evaluated by LB Investment.
Even amidst a challenging domestic startup investment landscape, T’ Order’s valuation has seen remarkable growth, nearly tripling since its last investment round. Notably, this Series B round attracted esteemed investors including Korea Development Bank and LB Investment, reflecting the confidence and trust in T-Order’s innovative business model and growth potential.
Earlier this month, T’ Order initiated the Series B round with a first tranche of 13 billion won ($9.6 million) secured from two prominent companies. The company intends to finalize the Series B round with an additional injection of 17 billion won($12.5 million).
Investors have lauded T’Order’s diversification strategy, commending its expansion beyond the restaurant industry into sectors such as hospitality and advertising. This versatility enables T-Order to cater to a wide array of professions and industries, positioning it as a versatile service provider capable of meeting diverse market demands.
Furthermore, T’Order’s ambitions extend beyond the domestic market, with plans for aggressive international expansion. Following the establishment of a Canadian subsidiary last year, the company is set to establish new entities in the United States and Singapore within the first half of this year, signalling its commitment to global growth and market
penetration.
Commenting on the recent developments, a spokesperson for T’ Order emphasized the company’s unwavering dedication to innovation and customer satisfaction. They expressed gratitude to investors for their confidence in T’ Order’s vision and outlined the company’s commitment to delivering exceptional service domestically and internationally.
As T’ Order embarks on its journey of global expansion, all eyes remain firmly fixed on this dynamic startup, poised to disrupt and revolutionize the hospitality and service industry on a worldwide scale.
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