More than four years ago, Flipdish raised a funding round that valued the company at more than €1 billion, but it came just before a moment of reckoning for the tech sector in 2022. When brothers Conor and James McCarthy started Flipdish, the modus operandi was fairly straightforward: helping restaurants build and run their own online ordering apps and sites. It was a compelling pitch for restaurants that understood the need for online delivery but were being hammered by high commission rates from Deliveroo and Uber Eats. Investors saw the opportunity too, with major backers, including Tiger Global and Tencent,…

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