gDine, an online the online group dining start-up that launched in Chicago earlier this year, has received $500,000 from Lakshmi Capital.
The private equity firm also an option to invest an additional $500,000 in the next three months.
The company intends to use the funds to expand the service to New York City and other markets along with increasing its management team in Chicago.
gDine will be expanding to New York City in the next few months and expects to be operating in several other major US cities by 2012.
gDine works with local restaurant owners to create dining menus, special options and rates to groups ranging from two to 200. It gives users the opportunity to book ahead, pay online and split the bill with friends ahead of time.
FinSMEs
17/08/2011