Singapore Online Food Company Grain Raises $10 million funding
Singapore based an online food company Grain has raised $10 million Series B funding. The investment round was a mix of equity and venture capital.
The funding round was led by Singha Ventures and Genesis Alternative Ventures, Sass Corp, K2 Global, FoodXervices and Majuven. Existing investors including Openspace Ventures, Raging Bull (founded by Ivan Lee) and Cento Ventures also participated in this round.
The new investment will be used to build infrastructure to support revenue of $100 million and ramp up growth in Singapore.
At the same time, Grain plans to expand to other Asian cities, with Bangkok being the first on the roadmap.
Bhurit Bhirombhakdi, Chairman of the executive board at Singha Ventures, said, "We see great potential in Grain, and believe that our collab...