Vietnam based food service firm Foody Corporation, a portfolio company of Japan’s Cyberagent Ventures, announced that it has secured series B investment from Singapore consumer Internet company Garena. The funding from this round will be used to accelerate growth in the number of users, content and to speed up the table booking and delivery service, as well as expand to other Southeast Asia countries, the company said in a statement. Foody also has a presence in Indonesia.
Foody.vn was launched in August 2012 as an online gourmet search and review media. One month following the launch, the company acquired an older peer Vnnhahang.com. Ho Chi Minh City-headquartered Foody is currently operating www.foody.vn – a gourmet search and user review media, www.tablenow.vn – a table booking service, and www.deliverynow.vn – a food delivery platform. Less than three years after launching, Foody.vn has become a dominant player in the local market. As an online gourmet review media, it has more than 115,000 POIs (points of interest), 275,000 reviews, some eight million monthly visitors and 500,000 app downloads.
Source: DealStreetAsia
