With the headline, “Foodtech startup Zeemart snags S$7m seed funding”, Zeemart continues to march towards a digitalized future of farm-to-fork. The seed round is led by Indonesian listed investment firm, Kresna Graha Investama. Michael Steven, president director of Kresna Graha Investama said, "We believe in Zeemart's vision of maximizing efficiency across the value chain and recognise the potential savings that they bring into the industry with their solutions. The Zeemart team have consistently impressed with their ability to execute and agility to respond to market changes and feedback."
These funds will be used for product development and harnessing the full potential of the enormous Indonesian market. Zeemart has offices in Singapore, Indonesia, Malaysia and Vietnam, and is expanding into Thailand, the Philippines and India. Notable clients include Denny’s and Jones the Grocer. Successful pilots have also been completed with a large UK-headquartered institutional caterer for a service that will allow customers to receive all their orders from all their suppliers at one go, reducing MOQ and cost. Zeemart is currently venturing into e-payment and providing financing to F&B businesses. Check out the full article here - https://www.businesstimes.com.sg/technology/foodtech-startup-zeemart-snags-s7m-seed-funding