Friday, September 22, 2023
  • Login
GoTradingAsia
  • Awards
  • Forex
  • Crypto
  • Stocks
  • Education
  • Broker Directory
  • Contact us
No Result
View All Result
GoTradingAsia
  • Awards
  • Forex
  • Crypto
  • Stocks
  • Education
  • Broker Directory
  • Contact us
No Result
View All Result
GoTradingAsia
No Result
View All Result

Grain is Gaining $10 M From Its Series B

The company is a Singaporean online restaurant. It seeks to expand on other countries with the money.

D. Atika by D. Atika
4 years ago
in Asia Trade
Grain food

Grain food

Grain food
Grain food

Maybe grocery deliveries just not right for Singapore. The busy country needs a more prepared stuff, like food. Easily and deliciously delivered to customer’s hand. That’s why Honestbee failed while Grain found itself profitable.

A full stack Grain

Grain is a Singapore-based online restaurant. Yes, it’s a restaurant and it sells foods online. It is unlike its competitors such as Grabfood and Foodpanda.  Other, such as CloudKitchen rent its space to other restaurant to cook at and help them promoting and delivering the food. While Grabfood just deliver foods from resaturants.

On the other hand, Grain is a full stack company. It handles everything on its own. The company uses unwanted mansion as its kitchen, with its own chefs cooking organic foods. Then it delivers its foods directly to customers hands.

Ernest Sim, Isaac Tan, Rifeng Gao and Yi Sung Yong founded the company in 2014. Not putting a big goal off going international, the company focused on its local market for five years. It held its first funding round in 2016 wiht only $1,6 million.

RelatedArticle

The Fed Maintains Key Interest Rate

Why Increasing BNPL Use in Indonesia is Concerning

China’s Holdings of U.S. Government Bonds Fell

Ukranian Agricultural Trade Problem Causes Crack in EU

But those five years were not short. The company nearly closed it services once. And in 2017, it has to deal with the authorities. After its curry rice got more than 20 people hospitalized for food poisoning.

That’s why the company is putting a slow yet sure step to go international. After getting everything settled in Singapore with more than 100 workers. The company raised its Series B round with $10 M to its’ bowl.

The money, according to Yong is going to be used for its first expand in Thailand. But the company does not close the possibility of expanding to other countries. Just if the technical details such as logistic and chefs are perfect.

In Singapore itself, Grain currently delivers thousands of meals per day. And it bragged an eight-figures sale per year. In 2018 only, the sale grew by 200%.

D. Atika

D. Atika

Related Posts

The Fed Maintains Key Interest Rate

by D. Atika
September 21, 2023

The Federal Reserve System (Fed), the central bank of the United States, strongly hinted at its policy of dragging high...

Read more

Why Increasing BNPL Use in Indonesia is Concerning

by D. Atika
September 20, 2023

In Indonesia, where credit card penetration is not active, the insolvency rate is also soaring as pre-purchase BNPL payments through...

Read more

China’s Holdings of U.S. Government Bonds Fell

by D. Atika
September 20, 2023

China's holdings of US government bonds fell for the fourth consecutive month, hitting a 14-year low. According to the South...

Read more

Ukranian Agricultural Trade Problem Causes Crack in EU

by D. Atika
September 19, 2023

Ukraine has decided to file a complaint with the World Trade Organization (WTO) against Poland, Hungary and Slovakia, which have...

Read more
Load More
Next Post

How to Overcome Your Education Funding Problems?

Trending Issues

  • Cristiano Ronaldo makes Coca-Cola losing millions businesses

    Cristiano Ronaldo and His 6 Successful Businesses

    0 shares
    Share 0 Tweet 0
  • The Fed Maintains Key Interest Rate

    0 shares
    Share 0 Tweet 0
  • 5 K-Dramas to Watch for Some Money Lessons

    0 shares
    Share 0 Tweet 0
  • Projecting Investment with Alpha Approach Pt. 2

    0 shares
    Share 0 Tweet 0
  • The Pros and Cons Using Western Union

    0 shares
    Share 0 Tweet 0

Get the latest market news and trading tips to your inbox daily, subscribe now !

Topic

  • Asia News
  • Asia Trade
  • Bonus+Promotions
  • Broker News
  • Business News
  • Cryptocurrency
  • Currency Analysis
  • Finance News
  • Forex & Market
  • Forex Tips
  • Hot News
  • Investment Tips
  • Learn to Trade
  • Market Analysis
  • Politics Issue
  • Reviews
  • Social Media
  • Stock Analysis
  • Stock Market
  • Stock Trading Tips
  • Technical Analysis
  • Tips
  • trading strategy
Go Trading Asia

Go Trading Asia covers the latest in Business and Economic News and Market Analysis, with the aim of Providing Readers with the knowledge and tools to make better informed financial decisions.

  • Contact us
  • Privacy Policy
  • Disclaimer

© 2021 Go Trading Asia.

No Result
View All Result
  • Awards
  • Forex
  • Crypto
  • Stocks
  • Education
  • Broker Directory
  • Contact us

© 2021 Go Trading Asia.

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In