Gokongwei-backed cloud kitchen startup raises US$3m to fight 'delivery fatigue'
Co-founded by an F&B scion and backed by bigwigs, The Kraver’s Group is building its own brands.
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.
TRENDING NOW
Can a first-time homebuyer couple earning S$18,000 a month afford a new EC unit?
He built the Vingroup empire. Now South-east Asia’s richest man is handing some key roles to his sons
Asia needs new energy security architecture
Chagee, Mixue and Luckin won the market. Sustaining their edge is the harder part
