Glug provides a platform for businesses to let customers order from a digital menu and have them served to the table or pick up from the bar. It points out that its system is designed to be user friendly and easy to set up wherein restaurants or bars can upload and digitalise their menu and can be discoverable within 24 hours. Consumers can discover the restaurant, book a table, place an order, and browse for offers and discounts, amongst other features using the company's community app. Glug asserts that more than 16,000 users have ordered food and drinks through its app in less than four months since the company's launch. It intends to become a contender in the UK dining and pub market that is a £40 billion+ industry. Glug argues that more than 20,000 users have downloaded its app from the App Store and Google Playstore. It will use the investment for marketing, hiring, technology development, attract 1.5 million users and onboard 1,000+ venues over the next 12 months.
/* OVERVIEW */ ?>
Glug Rating Review
Pitch rating powered by CROWDRATING™
Rated on 17/05/2021
Log in to view target
£6,000,000
pre-money valuation
4.00%
equity available
143
investors
£511
pledge per investor
10968653
company number
Active
company status
18/09/2017
incorporated 7 years
£2.70
share price
Previous Funding rounds
05 Jun 24 | Crowdcube | £73,114 / 29% | 71.00% |
News
Glug! Braap! Phlank! Why the sound of dinner matters - The Guardian
21/01/2024 The Guardian
'Poolman': Glug., by Kurt Loder - Creators Syndicate
10/05/2024 Creators Syndicate
Microsoft teams up with Glug to transform how you work - Microsoft
28/11/2018 Microsoft
Glug creates digital database of protest posters for today's climate strikes - Dezeen
20/09/2019 Dezeen
Glug is on a mission to create the world's largest database of climate protest posters - It's Nice That
18/08/2019 It's Nice That
How I Got Here: Glug co-founder, Ian Hambleton - Creative Review
27/11/2018 Creative Review
Sasol 'Ama-Glug-Glug' Remains South Africa's Most Loved Ad | LBBOnline - Little Black Book
06/12/2019 Little Black Book
My Dorset: David Sax of Le Glug Wines answers our questions - Bournemouth Echo
09/01/2021 Bournemouth Echo
A look behind the scenes of Glug's UN 'Global Goals' poster campaign - The Drum
26/05/2016 The Drum
Glug Announces Amsterdam Creative Event: Glug by the Pool | LBBOnline - Little Black Book
18/04/2018 Little Black Book
Valuations in Technology
Morgan Goodwin Limited | £5.6M |
UTU Technologies | £5.0M |
Doqit | £1.3M |
What the ratings mean
RISK WARNING - The ratings are based on the information provided in the fund raiser’s pitch deck, business plans and financial forecasts which have appeared on a FCA regulated crowdfunding site. Where possible we validate the business plan to public sources such as LinkedIn, Companies House, Credit Agencies and internet searches. We cannot guarantee the information is correct. The ratings report takes no account of the investors/ individual circumstances. Do your own due diligence and get professional advice before investing. Your capital is at risk when investing in private companies.