STOCK TITAN

RDE, Inc. CEO Ketan Thakker Talks Restaurant.com and CardCash.com Success and Strategy on Chris Voss’s Top 1% Podcast

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Positive)
Tags
Rhea-AI Summary
RDE, Inc. (RSTN) CEO Ketan Thakker appeared on the Chris Voss podcast to discuss the growth of Restaurant.com, highlighting increased traffic, app downloads, and restaurant partnerships. Thakker emphasized the company's post-pandemic momentum and expanding footprint, with rising average ticket prices benefiting restaurants.
Positive
  • None.
Negative
  • None.

SCHAUMBURG, IL, Nov. 21, 2023 (GLOBE NEWSWIRE) -- RDE, Inc. (OTCQB: RSTN) (the “Company”), the owner and operator of Restaurant.com, the nation’s largest restaurant-focused digital deals brand, is pleased to announce the appearance of its CEO, Ketan Thakker, on the renowned Chris Voss podcast. This podcast is globally recognized for its influential guests and has been rated a top 1% most popular show for 15+ years.

In a candid discussion with host Chris Voss, RDE, Inc. CEO Ketan Thakker shared crucial insights into RDE’s significant growth and the evolution of its flagship platform, Restaurant.com. The brand, which is fast developing into a leader in the restaurant deals space, has witnessed accelerated post-pandemic growth as RDE executes on innovative strategies and a consumer-centric approach.

“We acquired Restaurant.com back in 2020, just before the pandemic hit. Fast forward to 2023, and now we’re seeing an uptick in all the metrics, highlighted by traffic to the site, downloads of our app and increased money spend,” Thakker remarked. He added, “We’re adding new restaurants every day in all locations,” emphasizing the company’s expanding footprint.

This momentum is fueled by an increasing number of restaurants joining the platform, drawn not only to its discount-driven marketing and heightened visibility, but also to the rise in average ticket prices experienced. Thakker elaborates, “The average ticket usually goes up because people have an extra cocktail, an extra entree, or dessert. When you have a deal or some type of incentive, the average ticket goes up for the restaurant and that’s why restaurants love working with us.”

Chris Voss, the podcast host, expressed his excitement about the diversity and authenticity that Restaurant.com offers to its users. “You actually get the real taste of the country the folks came from,” Voss observed, highlighting the platform’s unique ability to provide consumer value beyond pure-play discounting.

The conversation also covered RDE’s strategic approach to acquisitions, particularly its recent acquisition of CardCash.com. Thakker explained, “We do acquisitions because there’s consumer or customer efficiency, leveraging cross-pollinating, and then there’s always the operational efficiency that you want to leverage.”

Speaking to CardCash.com specifically, Thakker provided additional insights. “The gift card industry is over $325 billion a year. It’s a huge industry, similar to restaurants,” he said. Thakker also highlighted synergies, stating, “We’re a dot-com, they’re a dot-com, so there’s operational, marketing, technology, and operational efficiency that we want to leverage.”

Chris Voss then put the spotlight on some of the more immediate opportunities for cross-pollination, observing the variety of discounted gift cards for national restaurant chains. He also noted the diverse discounts available across 520 different brands, including Hotels.com. Thakker affirmed, “Dining and travel go hand in hand,” acknowledging the broad spectrum of opportunities in this space.

Thakker’s appearance on the Chris Voss Show is available for listening on all major podcast platforms, or on YouTube via the link: https://www.youtube.com/watch?v=4zuJrgU1QJw

About RDE, Inc.
RDE, Inc. (OTCQB: RSTN) (Restaurant, Dining and Entertainment) is a pioneer in the restaurant deal space and the nation’s largest restaurant-focused digital deals brand. Founded in 1999, Restaurant.com, Specials by Restaurant.com and our Corporate Incentives division connect digital consumers, businesses and communities offering thousands of dining, retail and entertainment deal options nationwide at over 184,000 restaurants and retailers. Restaurant.com prides itself on offering the best deal, every meal. Our restaurant certificates and gift cards allow customers to save at thousands of restaurants across the country with just a few clicks.

For more information, visit: www.rdeholdings.com and https://www.restaurant.com.

About The Chris Voss Show
The Chris Voss Show Podcast is rated a top 1% most popular show out of 3,131,148 podcasts globally for 15+ years across 2000+ episodes, and 24 million views of amazing interviews. Learn from all our great guests: CEOs, BILLIONAIRES, White House Presidential Advisers, Governors, Congress Members, US Ambassadors, Astronauts, TV and print Pulitzer Prize Journalists and authors, FBI, US Justice Dept, News Anchors, and journalists from all the top media outlets: CNN, MSNBC, Washington Post, Wall Steet Journal, New York Times, The Guardian, Time, CBS, NBC, ABC, etc.

For more information, visit https://bit.ly/ChrisVossPodcast and https://TheChrisVossShow.com/

Forward-Looking Statements
Press Releases may include forward-looking statements. In particular, the words “believe,” “may,” “could,” “should,” “expect,” “anticipate,” “estimate,” “project," "propose," "plan," "intend," and similar conditional words and expressions are intended to identify forward-looking statements. Any statements made in this news release about an action, event or development, are forward-looking statements. Such statements are based upon assumptions that in the future may prove not to have been accurate and are subject to significant risks and uncertainties. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the company. Accordingly, you should not place undue reliance on these forward-looking statements. Although the company believes that the expectations reflected in the forward-looking statements are reasonable, it can give no assurance that its forward-looking statements will prove to be correct. Investors are cautioned that any forward-looking statements are not guarantees of future performance and actual results or developments may differ materially from those projected. The forward-looking statements in this press release are made as of the date hereof. The company takes no obligation to update or correct its own forward-looking statements, except as required by law or those prepared by third parties that are not paid by the company. Statements in this press release that are not historical fact may be deemed forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Although RDE, Inc. believes the expectations reflected in any forward-looking statements are based on reasonable assumptions, RDE, Inc. is unable to give any assurance that its expectations will be attained. Factors that could cause actual results to differ materially from expectations include the company’s ability identify a suitable business model for the corporation.

Investors Contacts:
ClearThink
nyc@clearthink.capital


FAQ

What is the ticker symbol for RDE, Inc.?

The ticker symbol for RDE, Inc. is RSTN.

Who appeared on the Chris Voss podcast to discuss Restaurant.com's growth?

RDE, Inc. CEO Ketan Thakker appeared on the Chris Voss podcast.

What were the key highlights of the discussion on the podcast?

The discussion highlighted increased traffic, app downloads, and restaurant partnerships, emphasizing post-pandemic momentum and rising average ticket prices benefiting restaurants.

What has contributed to the post-pandemic growth of Restaurant.com?

The post-pandemic growth is attributed to innovative strategies, a consumer-centric approach, and an increasing number of restaurants joining the platform.

How has the average ticket price for restaurants been affected by working with Restaurant.com?

Working with Restaurant.com has led to an increase in average ticket prices for restaurants, driven by discount-driven marketing and heightened visibility.

What is the significance of the appearance on the Chris Voss podcast for RDE, Inc.?

The appearance on the Chris Voss podcast provided a platform for RDE, Inc. CEO Ketan Thakker to discuss the growth and evolution of Restaurant.com, showcasing the company's progress and future prospects.

What are the key factors driving the momentum of Restaurant.com?

The momentum is fueled by an increasing number of restaurants joining the platform, drawn to its discount-driven marketing, heightened visibility, and rising average ticket prices.

What was the impact of the pandemic on Restaurant.com's growth?

Despite the pandemic, Restaurant.com has experienced accelerated post-pandemic growth, demonstrating resilience and adaptability in the restaurant deals space.

RDE, Inc.

NASDAQ:RSTN

RSTN Rankings

RSTN Latest News

RSTN Stock Data

84.21M
25.91M
31.95%
10.43%
0.01%
Internet Content & Information
Retail-catalog & Mail-order Houses
Link
United States of America
NORCROSS