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Tabit’s Online Ordering Platform to Support Restaurant Takeout and Delivery Services in North American Expansion

Following a new venture capital funding round of $35 million, hospitality technology solution provider Tabit Technologies has announced plans to ramp up its North American operations to address the dire needs of the restaurant industry. The Israeli-based company, which offers a platform for managing restaurants, incorporating point-of-sale, back-office, online ordering and reservations, kitchen display, kiosks, guest management, loyalty and more, has added American senior executives to its staff of over 100 and struck multiple partnership agreements to fuel its expansion. Today, aggregators charge 25-30 percent of the bill for orders and compromise restaurant branding. When delivery and takeout represented 3-4 percent of restaurant business, they could tolerate this to earn new customers. Today this is not a viable business model. For that reason, Tabit is pivoting to focus on takeout and delivery services. In particular, Tabit is offering its online ordering capability to restaurants free for six months during the [...]

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