Thursday June 2nd, 2011
Active Venture Partners has invested €1 million in Restalo.es, the leading Spanish portal for reserving restaurants online, to allow it to fulfil its strategy of national and international expansion.
Restalo.es was founded in late 2008 in Barcelona and is led by four young entrepreneurs with extensive experience of the sector and of providing technology solutions designed for restaurants. Since then it has experienced rapid growth generating more than 500,000 bookings and almost €14 million of turnover for restauranteurs. Today Restalo is the reference portal for online restaurant reservations in Spain. The high quality of product offered to both diners and restaurants, as confirmed by their very positive feedback, sets them apart from their competitors.
The secret of its success is that it offers the user the ability to book a table in real time in thousands of restaurants, with immediate confirmation of the booking and discounts of up to 70%, which to date have allowed users to save more than €6 million. The site expects to have more than 5,000 restaurants bookable online, and approximately one million reservations processed, by the end of 2011.
The company also offers restaurants an innovative reservation management system to replace the antiquated paper reservation book.« Go Back