£54m valuation with 700 restaurants.20 Feb 2020 11:19
"To take one example, yield management and restaurant reservation platform Eatigo completed a Series B fundraise in October 2016 at which point it reportedly had grown to 700 partner restaurants, with media sources suggesting that c.$10 million was invested by travel and restaurant website owner TripAdvisor. Siddhanta Kothari, Chief Financial Officer of Eatigo, suggested the business had a valuation of $70 million following the funding round, which we believe could be applied as a potential benchmark to BigDish as 700 restaurants look like an achievable goal in 2020, in our view. At current exchange rates that equates to a valuation of £54 million"
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From Align research.
We have near enough 500 restaurants.....in a few weeks we should hit 700 maybe even more.....
I make our mcap currently around £16m....
£54 m should take us to around 15p.....
still undervalued today.....even more so when we look where we will in the next few weeks...
strong hold/add for me imvho....
atb, wdik, dyor,
trendfriend