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.
Add BT as a preferred source
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
Not in education, employment or training: Why more Hong Kong youths are opting out of work
Malaysian tycoon Vincent Tan’s sell-downs point to pruning rather than an exit plan
High Court dismisses StanChart's appeal to strike out US$2.7 billion 1MDB-linked lawsuit
Palm oil stocks set to surge as Indonesia said to be scaling back export overhaul: analysts
