Local food startup bags US$10m in Series B funding

Singapore

SINGAPORE-BASED food-tech startup Grain has raised US$10 million in a Series B funding round led by Thailand's Singha Ventures, as it looks to expand to other Asian cities, starting with Bangkok.

With the proceeds, the company (which offers everyday meals and catering and has its own chefs, menu and delivery team), is aiming to ramp up growth in Singapore, and build infrastructure to support revenue of US$100 million, it said.