Tiger Global just invested $18 million in Olo, a low-flying ordering platform for more than 50,000 fast-casual restaurants

Few outside of the food service industry know about Olo, a 13.5-year-old, New York-based mobile and online ordering platform for 250 restaurant chains, from Applebee’s to Cheesecake Factory, from Chipotle to Denny’s and from Jamba Juice to Chili’s.

Tiger Global has been tracking the company’s growth, however. In fact, in a new secondary transaction, Tiger just snapped up $18 million worth of employees’ equity.

…According to Glass, more than 100 million orders were processed on Olo’s platform last year — the same amount that had been processed by the platform across the first 12.5 years of the company’s existence.


more Restaurant Business

Leave a comment

Your email address will not be published. Required fields are marked *