Settle (Merged with Allset)

Settle is a mobile platform that offers pre-ordering services for meals at select restaurants, aimed at enhancing the dining experience for both customers and businesses. The company, founded in 2014, has merged with Allset and focuses on targeting popular restaurants in bustling areas that offer breakfast and lunch menus. Settle not only facilitates 100% prepaid orders and table bookings but also provides group lunch pre-ordering options for companies and teams at nearby restaurants. Moreover, the platform enables restaurants to offer specials and happy hours during off-peak times. In terms of revenue generation, Settle charges restaurants a 15-20% commission in Ukraine and has initially offered the service for free in the USA. However, they plan to test a model involving a small commission on pre-orders during off-peak hours for restaurants and a nominal fee for users during peak hours in the USA. The company secured a $1.50M Venture Round investment from SMRK VC Fund on 25 September 2015. With its innovative approach to improving the efficiency and experience of dining out, Settle has positioned itself within the Finance and Mobile industries, offering promising prospects for investors seeking opportunities in the food-tech sector.