Turnover: 25 million EUR (2023)
Country: France
software publisher for restaurateurs
News
French Tech: Zenchef completes its 3rd M&A deal in a year | Zenchef completes its 3rd M&A deal in a year 29/02/2024
- Zenchef has completed its third M&A operation in a year, integrating Belgian company TableBooker, which has 3,000 restaurant customers.
- The new entity now has 19,000 restaurants across Europe.
- Zenchef has 242 employees.
- German competitor Quandoo has 18,000 restaurants in 12 countries.
- Another competitor, The Fork (formerly La Fourchette), works with 60,000 restaurateurs worldwide.
- Zenchef has a strong presence in France, Belgium and the Netherlands, and is now entering the German market.
- Zenchef acquired start-up Billie in 2021. PSG Equity, which acquired a majority stake in 2022.
- The company expects to become profitable in June 2024.
Zenchef goes on the offensive to rival The Fork 14/09/2023
- Zenchef was founded in 2011 by Xavier and Thomas Zeitoun and Julien Balmont.
- The group recently acquired Resengo, a 20-year-old pioneer of online reservations in Belgium.
- Resengo has a portfolio of 3,500 restaurants, including all 3-star restaurants in Belgium.
- Zenchef's main rivals are The Fork and Open Table, which each claim 60,000 partner restaurants worldwide.
- The group is backed by the American fund PSG, which has pledged a further 50 million euros to finance the acquisitions.
- With the acquisition of Resengo, Zenchef now has 15,000 partner restaurants, including 8,000 in France, where it is half the size of The Fork.
- Zenchef's model is based on a monthly subscription charged to the restaurateur, which averages 150 euros per month.
- Zenchef has 30 million meals booked each month via its software.
- With the acquisition of Resengo, the group forecasts sales of 25 million euros for 2023, and is positioned close to profitability.
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