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BigDish acquires restaurant and travel discovery business Looloo

The company said it would aim to grow its user base in the Philippines through Looloo and was considering options to further enhance synergies between the two

Restaurant table
BigDish originally acquired Looloo's Philippine assets in January 2018

BigDish Plc (LON:DISH) has acquired Looloo, a web and app-based restaurant and travel discovery business focused on the Philippine market.

The company, which operates a platform that allows restaurants to advertise vacant tables at a discount to diners, said it would aim to grow its user base in the Philippines through Looloo and was considering options to further enhance synergies between the two.

READ: BigDish shares soar as it rebrands TablePouncer to kick-start UK roll-out

Joost Boer, chief executive of BigDish, said that Looloo was one of the Philippines’ “leading platforms in the restaurant and travel discovery space”, with over 28,000 restaurants recorded, a monthly average of up to 500,000 unique visits, approximately 200,000 app installs and over 320,000 reviews, in addition to a large social media presence across Facebook, Twitter, and Instagram.

"The Directors of BigDish saw a great opportunity in Looloo's restaurant discovery platform and large user base, which generates revenue through paid for content with low overheads, is approaching break even and has a strong growth potential” Boer added.

The completion of the acquisition follows the beginning of a cooperation between the two firms in January 2018, when BigDish acquired Looloo’s assets in the Philippines.

Quick facts: BigDish PLC

Price: 2.4 GBX

LSE:DISH
Market: LSE
Market Cap: £8.64 m
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