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BigDish PLC: DEEP DIVE
OVERVIEW

BigDish aims to bring customers for restaurants and discounts for diners

The company's website and phone app aims to help restaurants fill spare capacity by offering discounts potential diners during quieter periods
Restaurant diners
OVERVIEW: DISH The Big Picture
The group is preparing to roll out its platform across the entire UK

• Platform designed to match restaurants with diners during quieter periods

• Operates through website and mobile phone app

• Rapid UK expansion planned

 

What BigDish does

BigDish PLC (LON:DISH) is a technology company that operates a platform that aims to help restaurants fill spare capacity by matching them with potential diners during quieter periods.

The BigDish platform does this by offering discounts to diners for reservations at restaurants at certain times of the day, usually when general demand is lower and the restaurant is looking to get people through the door.

The platform is operated through both a website and a mobile phone app.

 

Inflexion points

• The company was planning to launch its platform in Brighton in early July in what it said would be a “significant location” and expected restaurants to sign up to its service quickly

• The group is also is set to announce some brand ambassadors – celebrities and well-known personalities – in the coming months

• In early June, the company received £2.1mln from an institutional investor to help accelerate the expansion of its restaurant booking platform

• In late May the firm unveiled plans to roll out its platform across the entire UK and would begin recruiting territory managers to help speed up its expansion

 

CEO interview – Sanj Naha

 

Blue Sky

Speaking to Proactive, Naha said that having around 6,000 restaurants using the platform within two years is “absolutely achievable”.

He cites the example of Deliveroo, which over three to four years amassed around 18,000 UK restaurants on its platform.

The CEO also said that the recent focus had been on scaling and the processes for expanding the business once its new territory managers are in place.

Naha added that the firm was currently “having conversations” with a number of restaurant groups, and once these started coming on board “early next year” this would “significantly” grow the number of restaurants on the platform.

With the shares trading around 4.4p as of 4 July 2019, BigDish has a market cap of £14.5mln.

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