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Bamboo owner in merger

POS8 Limited, the owner of on-premises food and drink order-and-pay application Fetch, has merged with Norse Starlit Limited, which owns the Irish food-ordering app Bamboo.bamboo
Last year, Bamboo was saved by a group of its original investors after liquidators were appointed in early May. The app, launched in 2018, has around 150 restaurants in Galway, Dublin and Cork using its food-ordering product, enabling customers to order ahead for a contactless pickup.
The company behind the Bamboo app fell into difficulty in April when many partners closed due to the pandemic and a "financial event" fell through. During the restructuring period, a group of the original investors, led by Andrew Connolly - the managing director of Morgan McKinley's Toronto Office - acquired the app.

 

The company behind Fetch, which launched in 2020, didn't disclose the value of the transaction. It said the acquisition "accelerates our global expansion goals and enhances our service offerings to venue partners and customers".
According to a statement, the merger of the two applications will bring new features and functionality for venues and customers. It will be able to offer on-premises ordering and dining services through the merger.
 

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