Through its corporate venturing platform Amatil X, Australia-based bottler Coca-Cola Amatil has acquired a minority stake in Singapore-based restaurant technology start-up TabSquare.
The restaurant technology firm offers artificial intelligence (AI) powered solutions to enhance customer experience and operational efficiency.
The acquisition follows Amatil X’s recent investment in Australian start-up Doshii in August.
Coca-Cola Amatil established Amatil X in a move to support its businesses and explore future growth opportunities. The bottler’s partners and growth group director Chris Sullivan said: “This includes investing in restaurant tech companies such as TabSquare, which has developed a solution to benefit restaurants and their customers by using technology to streamline and personalise the dining experience.
“We were impressed by the solution that TabSquare was promoting, which led us to invest in them.
“They have a strong team, a clear business model and ambitious growth plans, which include expanding from their established Singapore base to the whole of the Asia Pacific (APAC) region.”
The TabSquare platform is currently meeting the requirements of 12 million diners annually across 6,000 active terminals in the market.
TabSquare’s co-founder Chirag Tejuja said “We are collecting rich customer data at every interaction, allowing the restaurant to provide a unique and personalised dining experience.
“We already have an existing customer base in most target markets and will rapidly grow our footprint in the region with the current round of investment funding.”