[CLSTR]
< Back to situations

Monitor this situation.

[SITUATION] · [ACTIVE] · [BUSINESS]

2 clusters · 2 sources · 30 days · First seen · Last updated

inKind platform expansion and consumer promotions

Overview

The restaurant commerce platform inKind has significantly expanded its financial resources and consumer offerings. The company secured $414 million in an oversubscribed second financing tranche, bringing its total capital raised to over $1.2 billion. This funding, led by Citi and Cross River, is intended to deploy more than $1 billion in growth capital to approximately 10,000 restaurants over the following year.

Following this capital expansion, inKind introduced various consumer promotions. These include “Welcome Back” discounts offering tiered savings on restaurant bills, as well as a retail partnership with Costco where users can purchase $100 in inKind dining credit for $64.99.

Entities

inKind · Liberty Mutual Investments · Costco · Cross River · Citi

Timeline

  1. 2 days ago

    [BUSINESS] 2 sources
    inKind announces dining discounts and Costco credit offers

    inKind is providing existing users with up to $85 in restaurant bill discounts and offering $100 dining credits for $64.99 through Costco until September 13.

  2. about 1 month ago

    [BUSINESS] 2 sources
    inKind secures $414 million to expand restaurant commerce platform

    inKind has raised $414 million in new financing, bringing its total capital raised to over $1.2 billion to fund its restaurant commerce platform.

Sources

boardingarea.com · viewfromthewing.com