fbpx
  • Topics
    • AI & Big Data
    • AR & VR
    • Blockchain
    • Clean Technology
    • Content & Games
    • Cybersecurity
    • Enterprise & SaaS
    • Gadgets & Electronics
    • Health & Bio
    • FinTech
    • IoT
    • Transportation & Logistics
    • Marketplaces & E-commerce
    • Ecosystem
    • Robotics
    • Investments
    • EdTech
    • Featured
  • Deals
    • Private Equity
    • Venture Capital
    • IPO & Markets
  • Interviews
    • Startup Investing
    • Fundraising
    • Product Launching
  • MORE
    • Events
    • Startups Advice
  • Submit an Article
  • REGISTER
  • login
No Result
View All Result
No Result
View All Result
Home Featured

Hometaste, Malaysia’s food delivery startup, raises $576K for expansion

Team AsiaTechDaily by Team AsiaTechDaily
05 October 2021
in Featured, Food Delivery
0
Hometaste
51
SHARES
Share on FacebookShare on Twitter
Bookmark (0)

Please login to bookmark

No account yet? Register

Hometaste, a Malaysian home-cooked meals delivery platform, has successfully raised RM2,410,317 ($576,000) via Malaysia’s leading equity crowdfunding (ECF) pitchIN platform.

The funds raised will be used to scale Hometaste as a data-driven multi-brand cloud kitchen operated via tech-enabled channels with a target to open 70 cloud kitchens by 2023 in Malaysia and eventually expanding beyond the Malaysian shores to other Southeast Asia countries.

Founded in 2017, the startup is currently growing the marketplace in Malaysia with 15,000 customer base, to date, delivering over 18,000 home recipes’ orders on a monthly basis.

Hometaste has proven the legitimacy of its business model with a growth of 15x on a yearly increment in revenue since it was founded.

Aston Chua Yee Shen, Chief Executive Officer and Founder of Hometaste, said that digital disruption and technological innovations have popularized the trend of ordering food online and doorstep delivery.

With the changing lifestyles and the pandemic situation, customers are demanding a more convenient way of life, with everything they need to purchase at the touch of a button.

Hometaste utilizes data analytics, machine learning, and artificial intelligence to optimize brands, cuisines, and menus for each target market and to also ensure its customers have better food quality and experience.

The startup is foreseeing its revenue to exceed the RM10 million mark in 2022.

Aston Chua expressed his gratitude for the support of the pitchIN team for their unparalleled breadth of advice and guidance in getting early-stage companies like Hometaste to successfully get the funding that it requires for the expansion roadmap.

Hometaste was part of MaGIC’s Global Accelerator Program (GAP) Cohort 5, which connected them with mentors that have helped them build networks during the 3-months program and in ensuring that Hometaste is investment-ready.

It started with one goal in mind — to be the home-cooked food delivery platform in Malaysia with a mission to share home recipes to everyone. #

Previous Post

ChrysCapital acquires customer experience firm ResultsCX

Next Post

Axie Infinity maker Sky Mavis raises $152m in Series B funding

Related Posts

edit post
PhonePe
Featured

Indian fintech PhonePe raises $200m more from Walmart

March 21, 2023
edit post
Antler
Featured

Antler to invest in over 30 startups in Indonesia this year

March 21, 2023
edit post
WeBudding
Content & Games

Korean startup WeBudding partners exclusively with the most popular free app Goodnotes 5 to provide Korean digital stationery content to users globally

March 17, 2023
edit post
One Impression
Featured

One Impression raises $10m in Series A to expand product offerings

March 15, 2023
edit post
Bababos
Featured

Indonesian startup Bababos closes pre-seed funding led by East Ventures

March 15, 2023
edit post
Broom
Automobiles

Indonesian auto tech startup Broom raises $10m in Openspace-led funding

March 14, 2023
Next Post
edit post
Axie Infinity

Axie Infinity maker Sky Mavis raises $152m in Series B funding

Discussion about this post

No Result
View All Result

Follow Us

FREE NEWSLETTER




Copyright © 2023 AsiaTechDaily.com| About Us | Seed accelerator| Terms of Use| Privacy Policy| Cookie Policy Contact : [email protected] | DMCA.com Protection Status | trusted by Wimgo

No Result
View All Result
  • Topics
    • AI & Big Data
    • AR & VR
    • Blockchain
    • Clean Technology
    • Content & Games
    • Cybersecurity
    • Enterprise & SaaS
    • Gadgets & Electronics
    • Health & Bio
    • FinTech
    • IoT
    • Transportation & Logistics
    • Ecosystem
    • Marketplaces & E-commerce
    • Robotics
    • Investments
    • Featured
  • Deals
    • Private Equity
    • Venture Capital
    • IPO & Markets
  • Interviews
    • Startup Investing
    • Fundraising
    • Product Launching
  • MORE
    • Events
    • Startups Advice
  • Submit an Article
  • Forums
  • Jobs
  • REGISTER
  • Login

Copyright © 2023 AsiaTechDaily.com| About Us | Seed accelerator| Terms of Use| Privacy Policy| Cookie Policy Contact : [email protected] | DMCA.com Protection Status | trusted by Wimgo

We hope you enjoy our content, May you please give us Feedback regarding our website!

Single Post Feedback