Offpeak operates an online platform for restaurant discovery and dining privileges. The company focuses on connecting diners with dining deals and privileges via its digital service. Offpeak received Cradle Fund’s CIP 500 grant of MYR500,000 (about $117,390). The startup said it will use the funding to support continued expansion in Malaysia. No other financial metrics or past financings were disclosed in the article. Offpeak operates an iOS and Android app that helps restaurants fill slower periods by offering discounted tables with as little as 10 minutes' notice and surfacing location-based recommendations. The product targets a broad range of vendors, from fine dining to quick-service and very local restaurants that typically do not accept reservations. Offpeak has signed up 600 restaurant partners in the last 10 months, a tenfold increase since it launched in August 2014. It reports user numbers have grown 30x since opening and bookings have averaged 50% month-on-month growth. The company is still finalizing a monetization or revenue-sharing model and says near-term focus is on market growth. Offpeak plans to expand into three or four new countries over the next year, starting with Bangkok.

Total raised

$1M

Funding rounds

2

Latest round

Grant

Latest activity

Dec 2015