Jago Coffee, an Indonesia-based mobile cafe startup, has successfully secured a Series A funding round of US$6 million. The investment was led by Intudo Ventures and BEENEXT Accelerate, with participation from ORZON Ventures and D Global Ventures. The funding is crucial for the cafe startup as it seeks to expand its presence and offerings in […]

Simple Planet, a company specializing in the development of cell-cultured food ingredients, has announced that it recently secured approximately 8 billion won in investment from domestic venture capital firms. The investment is part of a pre-Series A funding round.  Simple Planet’s funding round saw participation from a diverse group of major venture capital firms and […]

If we were to guess which Taiwanese street food has the potential to catch on in America, boba milk tea would definitely top the list. “In Los Angeles, beverage shops can be found almost everywhere,” says Ron Chan, the founder of ODD ONE OUT TEA, a boutique Taiwanese beverage franchise. Discussing the “boba milk tea […]

LINE MAN Wongnai and LINE Company (Thailand) Limited have acquired the shares of Rabbit LINE Pay Company Limited (RLP) from its previous shareholders, RabbitPay System Company Limited and Advanced mPAY Company Limited. The companies revealed the collaboration in a joint statement released on Thursday. This acquisition integrates RLP’s payment services more deeply within the LINE […]

Green Rebel, an Indonesian food technology startup, has recently partnered with renowned quick-service restaurants (QSRs) including Starbucks Malaysia and Nando’s Singapore as part of its strategic growth plan. The company plans to expand its presence in the Asia Pacific region. These partnerships come ahead of Green Rebel’s series A financing exercise, scheduled towards the end […]

Singapore-based coffee chain Flash Coffee has raised a total of $50 million in its Series B funding round led by White Star Capital, with existing investors including Delivery Hero, Geschwister Oetker, and Conny & Co also participating. The company plans to use the funds to achieve group-level profitability, expand its footprint across the Asia Pacific […]

Indonesia-based hyperlocal online F&B startup, UENA, has secured new funding from existing investor East Ventures and new investor Trihill Capital in a round that closed in Q1 2023. The amount raised was not disclosed. The fresh funding will be used to expand UENA’s locations and services to reach more users and customers. Since launching in […]

Korean company Ggeek Beer Company began as a small craft brewery nestled in the heart of Seoul, South Korea, and has grown to a household name domestically and beyond. Founded by a group of beer enthusiasts passionate about creating unique and flavorful brews, Ggeek has gained a reputation as one of the best craft breweries […]

Legit Group, a multi-brand cloud kitchen operator in Indonesia, has raised a total of $13.7 million in a Series-A funding round led by MDI Ventures. Other investors in the round included Sinar Mas Digital Ventures, East Ventures, and Winter Capital. The company plans to use the funds to expand its operations beyond Jabodetabek and innovate […]

Singapore-based food innovation company Alchemy Foodtech announced that it raised $3 million in a recent funding round. In a statement, Alchemy Foodtech said the investments will allow them to pursue the next stage of development in markets locally and overseas. “With the funds raised, we are able to pursue our growth in China and support […]