# Bali Grove Pte.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/bali-grove-pte

- Industry: Food
- Headquarters: Singapore, Singapore
- Website: www.eatkarana.com
- Total disclosed funding: $1.7M
- Latest round: Seed (Jul 1, 2022)
- Investors on record: 4

## About

Bali Grove Pte. Ltd. focuses on developing innovative plant-based meat alternatives, primarily utilizing jackfruit to create nutritious and versatile food products for various culinary applications.Founded in 2018 and headquartered in Singapore, Bali Grove Pte. Ltd. specializes in plant-based meat solutions. The company received seed funding amounting to USD 1.70 mn on July 1, 2022, from investors including Big Idea Ventures and Germi8. The founders, Blair Crichton and Daniel Riegler, have aimed to create a sustainable food source through their offerings.KARANA™ produces plant-based meat alternatives derived from jackfruit, including ground jackfruit. Their products cater to food-service operators and manufacturers, offering solutions that can be prepared in various cuisines. They focus on health-conscious consumers while promoting sustainable agricultural practices in North America and Asia.In the most recent year, 2023, KARANA reported a revenue of USD 354,453, with an EBITDA of USD -2,020,080, demonstrating the current financial landscape of the company as it develops its market presence.Bali Grove Pte. Ltd. plans to leverage the recent seed funding to enhance its research and development capabilities, aiming to introduce new products and expand operations in Singapore, Hong Kong, and the United States. The funding will facilitate growth in these core markets and support the team expansion, enabling the company to respond to the increasing demand for plant-based options.

## Funding rounds

- Seed, Jul 1, 2022 — UntroD Capital, Big Idea Ventures, Rumah Group
- Seed, Jul 9, 2020, $1.7M — Big Idea Ventures, Germi8

## Investors

- Big Idea Ventures (https://capitalatlas.ai/funds/big-idea-ventures) — Seed
- Germi8 (https://capitalatlas.ai/funds/germi8) — Seed
- UntroD Capital — Seed
- Rumah Group — Seed