OpenTable
Date | Investors | Amount | Round |
---|---|---|---|
- | N/A | - | |
$2.2m | Series A | ||
$10.0m | Series B | ||
$36.0m | Series C | ||
N/A | N/A | IPO | |
$2.6b Valuation: $2.6b | Acquisition | ||
Total Funding | €43.8m |
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Recent News about OpenTable
EditOpenTable is a leading online restaurant reservation service that connects diners with a wide range of dining options. The company operates in the hospitality and food service market, primarily serving individual diners and restaurant owners. OpenTable's platform allows users to browse, read reviews, explore menus, and make reservations at restaurants. This service is available in various locations, including Adelaide, South Australia, as highlighted on their website.
The business model of OpenTable revolves around providing a seamless reservation experience for diners while offering restaurants a tool to manage bookings and optimize their seating capacity. Diners can use the platform for free to find and reserve tables at their preferred restaurants. Restaurants, on the other hand, pay a subscription fee to be listed on the platform and may also incur additional charges based on the number of reservations made through OpenTable.
OpenTable generates revenue through these subscription fees and per-reservation charges. This dual revenue stream ensures a steady income from both regular subscription payments and variable fees tied to the volume of reservations. Additionally, OpenTable is part of Booking Holdings, a global leader in online travel and related services, which provides it with a robust infrastructure and extensive market reach.
In summary, OpenTable simplifies the dining experience for users by offering a comprehensive platform for restaurant discovery and reservations, while providing restaurants with valuable tools to manage and grow their business.
Keywords: restaurant reservations, online booking, dining, hospitality, food service, Adelaide, reviews, menus, subscription model, Booking Holdings.