Online food company Grain secures Series B funding to support growth

13th May 2019 (Last Updated May 13th, 2019 12:15)

Online food company Grain has secured $10m investment through a Series B funding round led by Singha Ventures.

Online food company Grain secures Series B funding to support growth
Grain plans to use the investment to expand to other Asian cities starting with Bangkok. Credit: Robin Stickel, Unsplash.

Online food company Grain has secured $10m investment through a Series B funding round led by Singha Ventures.

Other investors who participated in the funding round include Genesis Alternative Ventures, Sass Corp, K2 Global, FoodXervices, Majuven, Openspace Ventures, Raging Bull and Cento Ventures.

The food firm plans to use the investment to expand to other Asian cities starting with Bangkok.

Singha Ventures executive board chairman Bhurit Bhirombhakdi said: “We see great potential in Grain, and believe that our collaboration will help the online food firm expand in Southeast Asia and realise their regional vision.

“We see great potential in Grain, and believe that our collaboration will help the online food firm expand in Southeast Asia and realise their regional vision.”

“Specifically for Thailand, Grain will work with Singha by utilising Singha’s extensive F&B network across the country, including logistics and distribution, to bring delightful innovations to consumers.”

Singha will offer its experience in the food and beverage sector to gain insights of the target audience in Bangkok enabling them to focus on developing products and services accordingly.

Grain co-founder and CEO Yi Sung Yong said: “This is a huge milestone for us, because it proves that Grain has what it takes to be a sustainable company.

“We want to disrupt the F&B landscape and evolve with consumer preferences, but also have solid fundamentals. This is just the start.”

The online food company offers chef-crafted meals with fresh and wholesome ingredients, and catering to customers. The company features a range of menus, including Classic Buffet, High Tea, Seminar, Healthy Buffet, Cocktail, Mini Buffet and Mini High Tea.