# FoodRazor Pte.

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

- Industry: Software
- Headquarters: Singapore, Singapore
- Website: www.foodrazor.com
- Total disclosed funding: $0.9M
- Latest round: Seed (Jun 3, 2021)
- Investors on record: 2

## About

FoodRazor Pte. Ltd. is an innovative company providing cloud-based restaurant management solutions that streamline procurement and accounting processes for food service businesses, enhancing operational efficiency and profitability.Founded in 2015, FoodRazor Pte. Ltd. operates from Singapore, offering a sophisticated platform for restaurants and cafes. The company has successfully executed 2 funding deals, with the latest being a SEED round in February 2023, raising USD 0.91 mn led by Cocoon Capital. In February 2023, FoodRazor was acquired by OrderEZ, enhancing its capabilities in inventory and procurement management.FoodRazor offers a cloud-based restaurant management solution that optimizes procurement and accounting processes within the food service industry. The platform serves restaurants, cafes, and catering businesses, automating invoice processing, order management, and inventory tracking. Users can upload images of their invoices, which FoodRazor’s AI converts into structured data, minimizing errors and manual labor. The software provides real-time insights into the cost of goods sold (COGS), along with a comprehensive product and supplier catalog for efficient ordering. The solution is marketed across North America, Europe, and parts of Asia, allowing diverse clients to enhance operational efficiency.In the most recent fiscal year of 2022, FoodRazor reported revenue of USD 168,799.30 with an EBITDA of USD -208,578.60. The company generates revenue primarily through subscription pricing plans, starting at USD 69 per month for core features and allowing additional invoice uploads at volume-based pricing. A free 15-day trial is available for potential customers.Following its acquisition by OrderEZ in February 2023, FoodRazor plans to enhance its product offerings by integrating more sophisticated automation tools into its existing platform. This will allow the company to expand into new markets, targeting further penetration in the Asian region and potentially into Latin America by the end of 2023. The recent funding will support the development of these new products and the expansion of market reach, enabling FoodRazor to leverage OrderEZ's resources for growth.

## Funding rounds

- Seed, Jun 3, 2021, $0.9M — Cocoon Capital, Ravel Innovation

## Investors

- Cocoon Capital (https://capitalatlas.ai/funds/cocoon-capital) — Seed
- Ravel Innovation (https://capitalatlas.ai/funds/ravel-innovation) — Seed