trending Market Intelligence /marketintelligence/en/news-insights/trending/ambuouxf169apc6tcp3z3g2 content esgSubNav
In This List

Coca-Cola Amatil takes minority stake in restaurant tech startup

Video

S&P Capital IQ Pro | Powered by Expert Insights

Blog

Q&A: Streamlining Analytics for TCFD Reporting

Blog

Evergrande and the wider impact: a sentiment analytics based perspective

Blog

Insights Weekly: Midstream sector gains; loan growth momentum; insurance M&A on the rise


Coca-Cola Amatil takes minority stake in restaurant tech startup

Australian beverage-maker Coca-Cola Amatil Ltd. said Oct. 10 that it acquired a minority stake in Singaporean restaurant tech startup TabSquare Pte Ltd.

The investment was made through Coca-Cola Amatil's corporate venture platform Amatil X. Financial details were not disclosed.

TabSquare provides artificial intelligence-based solutions for restaurant services and operations.

This marked the second Amatil X investment since the platform's April launch. In August, it provided funding to Australia's Doshii, a startup that integrates apps with point-of-sale systems.

It also comes shortly after Coca-Cola Amatil and U.S. soft-drink giant Coca-Cola Co. made a joint investment for a 45% stake in Australian beverage company Made Group.