August 23, 2011
gDine, the Chicago-based platform that offers diners customized menu experiences at discounted prices, attracted a new angel investor. Lakshmi Capital invested $500,000 in the start-up, which launched earlier this year, with an option to invest an additional $500,000 in three months.
The restaurant industry’s first online shopping experience, gDine works with local restaurant owners to create exclusive dining menus, special options, and discounted rates to groups ranging from two to 200. Diners can receive discounts of up to 50% at Chicago restaurants without having to present coupons or vouchers. With gDine, you can book ahead, pay online, and even have the option of splitting the bill with friends ahead of time. So, you can enjoy your meal, and then continue enjoying your evening without the headache of divvying up the bill.
“Today’s marketplace offers diners and restaurants various discounted options. gDine stands out among these options by offering a unique, on-demand service that gives its diners exclusive access to dining experiences at pre-negotiated rates,” says Vijay Rao, a partner at Lakshmi Capital. Rao also points out the value gDine provides to restaurant partners as the platform drives business just when they need it most.
gDine will use the funds to help fuel its expansion to New York City and other key markets along with increasing its management team in Chicago. Look for gDine in New York in the next few months and in other major U.S. cities by 2012.
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