CaterSpot eyes APAC expansion with backing from Tat Hong family office
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Sharanya Pillai
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Singapore
EVEN amid the Covid-19 outbreak, B2B food delivery player CaterSpot has its eye on growth. The profitable startup is targeting to raise between US$6-8 million in Series A funds in the first quarter of 2021 to fuel its expansion in Asia-Pacific markets - Malaysia, Taiwan, South Korea and Australia - as well as the United Arab Emirates.
To get there, CaterSpot is newly armed with "old money". It recently received a fresh injection of funds from Triplestar Holdings, a family investment holding company helmed by Andrew Ng, the second son of Tat Hong Holdings' chief executive Roland Ng. Tat Hong is one of Asia's largest crane suppliers.
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