Participated · Series B · May 2019

Grain operates a full-stack cloud-kitchen model, running its own chefs, menus, hub kitchens and last-mile delivery to control product quality. Founded in 2014 and based in Singapore, the company is profitable, has more than 100 staff and delivers thousands of meals per day. It reports eight-figures in annual sales and saw 200% growth last year. Grain is preparing regional expansion starting with a launch in Bangkok and is expanding hub kitchens and a fleet of retrofitted delivery trucks. Management says it tightened fundamentals after nearly running out of capital and rebuilt quality infrastructure following a 2017 food-poisoning incident. The company previously raised a $1.7M Series A in 2016. Grain runs a vertically integrated food delivery service in Singapore, preparing, cooking, managing orders and delivering meals through its own logistics. It keeps a narrow rotating menu (four meals daily) priced at SG$9.95–SG$12.95 with delivery fees that vary by area, a model the company says enables unit profitability. Grain employs about 50 people, including 10 in tech, and plans to increase headcount with the new funding. A significant portion of the financing will be used to improve operational efficiency, including deploying mobile distribution hubs to cover 2.5km² areas and speed last‑mile delivery via scooters, bicycles and foot couriers. The hubs will allow better temperature control of meals and could enable an expanded menu (potentially six meals per day). Grain is focused on developing its Singapore operations while planning expansion to Hong Kong later in the year and considering Shenzhen, Beijing and Indonesia for the future.

Led · Series A · Feb 2017

Vault Dragon is a Singapore-based startup that operates in the digital healthcare data space. The article identifies the company primarily by its focus on healthcare data but does not detail specific products or services. Vault Dragon closed a S$1.64 million (US$1.16 million) pre-Series A funding round. The round was co-led by Golden Equator Capital and Raging Bull. The article does not disclose operating metrics, revenue, user counts, or the intended use of proceeds. No information on founding year or prior financings is provided in the article.

Participated · Series A · Apr 2016

TabSquare provides AI-powered restaurant solutions including TabSquare SmartTab (a customised tablet menu for recommendations, ordering, promotions and payments), TabSquare SmartApp (to extend restaurants beyond the physical store), and TabSquare Nucleus (a cloud-based data warehouse and analytics engine). The company says its software runs on over 6,000 devices serving more than 12 million diners and processes about six million orders annually. TabSquare plans to use new funding to enhance its AI tech, grow its geographic presence across Asia‑Pacific (including Australia, Indonesia, Malaysia, Singapore and Thailand), and increase manpower to support growth. The product suite lets restaurants update menus in real time and provides analytics to understand consumer behaviour and spending patterns. TabSquare was founded in 2012 by Chirag Tejuja, Sankaran Sreeraman, and Anshul Gupta. No revenue figures were disclosed in the article. TabSquare operates a restaurant management platform serving the foodservice industry in Singapore. The company provides software to help restaurants manage operations via its platform. It completed a Series A financing, raising S$3.5 million (approximately $2.57 million). The round was led by Walden International with participation from Infocomm Investments Pte Ltd, Phillip Private Equity and investor Ivan Lee’s vehicle, Raging Bull. The article does not disclose operating metrics, product roadmap details, or other financial information.