SaladStop! Group, a Singapore, Asia-based food chain company, closed a SGD12m Series B funding round.
The round was led by Temasek with participation from new investors Vulcan Capital, K3 Ventures, and East Ventures, and existing investor DSG Consumer Partners.
The SaladStop! Group today is already impacting 3.5 million people a year, offering them nutritional transparency and climate-positive choices. SaladStop! aims to become the leading personalized nutrition company in Asia through the extensive deepening of the Group’s existing footprint via new cloud kitchens, fostering more tech-enabled growth with its proprietary technologies, and leveraging its deeply embedded ecosystem of food-tech partners.
The company intends to use the funds to continue to invest in proprietary technologies and to deepen expansion across Asia, enabling it to scale operations adding four new countries by 2025, and building out into second tier cities through the continued expansion of its cloud kitchen model.
Founded in 2009 by father and son, Daniel and Adrien Desbaillets, co-headed by daughter Katherine and son-in-law Frantz Braha, SaladStop! delivers menus to customers across Asia. The SaladStop! Group brands include SaladStop!, Heybo, Wooshi and GoodFoodPeople across a hybrid online/offline model, with 69 outlets across eight markets (Singapore, Hong Kong, Indonesia, Vietnam, Philippines, Japan, Korea, and Spain), with over 800 employees.
FinSMEs
15/11/2021