# AppServation Co.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/appservation-co

- Industry: Internet
- Headquarters: Bangkok, Thailand
- Website: www.hungryhub.com
- Total disclosed funding: $0.5M
- Latest round: Series A (Jun 21, 2022)
- Investors on record: 3

## About

AppServation Co., Ltd. operates Hungry Hub, a platform facilitating the purchase of gift cards redeemable at over 2,000 restaurants in Thailand, enhancing group dining and corporate event experiences.Founded in 2013 in Bangkok, Thailand, AppServation Co., Ltd. created Hungry Hub, which allows customers to buy gift cards for dining. The company has undergone growth since its inception and has secured funding through three deals, with the latest round being a Seed funding of USD 0.45 mn in June 2022 from investors including 500 Global. The current CEO is Surasit Sachdev, and the founder is Kamolporn Thedratanawong.Hungry Hub specializes in providing a dynamic platform that enables customers to purchase gift cards redeemable at over 2,000 restaurants across Thailand. Their offerings include all-you-can-eat buffets, international buffets, and tiered pricing based on group size, helping customers manage dining costs effectively. The gift card system simplifies group dining and corporate events, allowing users to enjoy meals at various venues without exceeding their budgets. The service appeals to individuals, families, and corporate groups, featuring discounted vouchers for partner hotels and restaurants, enhancing the overall dining experience.In 2021, Hungry Hub generated revenue of USD 1,346,904.20, with an EBITDA of USD -326,789. The company’s revenue is primarily derived from the sale of gift cards and dining vouchers used at partnered restaurants and hotels, with various promotions encouraging customer engagement.Following their most recent deal in June 2022, where AppServation Co., Ltd. raised USD 0.45 mn in Seed funding, the company plans to use the funding to expand internationally. This strategy includes launching new products and entering new markets to bolster its presence beyond Thailand.

## Funding rounds

- Series A, Jun 21, 2022 — 500 Global, PTTOR
- Seed, Aug 2, 2019, $0.5M — Expara, 500 Global

## Investors

- Expara (https://capitalatlas.ai/funds/expara) — Seed
- 500 Global (https://capitalatlas.ai/funds/500-global) — Seed, Series A
- PTTOR — Series A