Gokongwei-backed cloud kitchen startup raises US$3m to fight 'delivery fatigue'

THE Kraver’s Group, a Philippine cloud kitchen operator backed by Lance Gokongwei and Christopher Po, has gotten a funding boost out of Singapore.

The 2-year-old startup has raised US$3 million in Series A funding led by Singapore’s Quest Ventures, an early-stage investor that has also backed Indonesian cloud kitchen operator Yummy Corp.

Kraver’s Series A round was joined by Philippine investor Oak Drive Ventures and several corporate head honchos: Francis Wee, chief executive of property developer W Group; Martin Cu, Ninja Van’s country manager; Anthony Oundjian, managing director at Boston Consulting Group (BCG) Philippines; and Rohit Gulati, managing director at BCG South-east Asia.