#Asia Malaysia-based startup Offpeak bags US$117,000 grant from Cradle Fund


The restaurant discovery and dining privileges online platform will use the money for continued expansion in Malaysia

From left to right: Tan Ban Eu, Tan Ee Ern and Lau Ngee Keong

From left to right: Tan Ban Eu, Tan Ee Ern and Lau Ngee Keong

Malaysia-based startup Offpeak announced today that it has been awarded the CIP 500 grant by Cradle Fund. The grant, which has a value of RM500,000 (US$117,000), will enable the restaurant discovery and dining privileges platform to further “scale, both in terms of operations capabilities and in restaurant partnerships in Malaysia,” said Tan Ban Eu, Co-founder and director of Offpeak.

This grant brings Offpeak’s war chest to US$917,000 after factoring in the US$800,000 Series A funding it raised from Gobi Partners earlier this year.

Launched in August 2014, Offpeak is led by Co-founders Tan Ban Eu and Lau Ngee Keong, and Business Development Director Tan Ee Ern.

Also Read: Restaurant booking app eatigo raises multimillion-dollar Series A round

“Offpeak is a dining-out restaurant marketplace. We aim to help restaurateurs increase their bottomline through attracting new customers and increasing [the] dining frequency of customers”, said Tan.

Dining reservations can be made 10 minutes before the dining time slot or up to a month in advance. It also offers dining privileges that are available throughout the day—from breakfast, brunch, lunch, tea time, dinner and even light snacks.

These privileges and dining reservations can be booked through the Offpeak app and requires no credit card or debit card details or advance payments.

Currently, Offpeak has more than 1,000 partner restaurants in Malaysia, spread across seven states, including Wilayah, Selangor, Penang, Kedah, Perak, Melaka and Johor.

From December this year, it has also partnered with more than 250 restaurants in Chiang Mai and Bangkok, and more than 50 in Singapore.

Offpeak says it seats one customer every 1.6 minutes and will be rolling out enhancements to the platform in Q1 2016 to serve customers better on a more localised basis.

It will also be scaling its team and expanding its presence into new markets in the future.

Also Read: RIP: The post mortem of foodpanda Vietnam

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