Thailand-based Freshket has secured US$8 million funding round led by led by Thai President Foods or TFMAMA and Kliff Capital with participation from existing investors, including Openspace and ECG Venture Capital.
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After this fundraising round, the company intends to assist Freshket by supplying the startup with high-quality, fresh ingredients for its operations. Additionally, the company planned to use the funds to encourage strategic partnerships and product development.
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From sourcing ingredients to delivering food to restaurants’ doorsteps, Freshket wants to revolutionize the restaurant food supply chain by utilizing technology to streamline the process. According to the corporation, 26,000 eateries use its services, and they give it a 99 percent service quality rating.
“We are currently expanding into new markets and customer segments while maintaining our existing customer base. Moreover, the strategic partnerships with leading Thai companies such as TFMAMA will further enhance our ability to provide a wider range of products to our customers,” said Freshket CEO Ponglada Paniangwet.
“This has underpinned a 40 per cent increase in Freshket’s revenue from the food service sector alone, including independent operators as well as large outlet chains,” it said.
Freshket secured a US$23.5 million funding in 2021 led by PTT Oil and Retail Business Public Company Limited (OR).
About Freshket
Founded in 2016, Freshket is a mobile and web-based platform that helps simplify restaurant supply management. Whether it’s fruits and vegetables, meat, seafood, canned products, dairy or dry groceries we get them delivered at your doorstep.
