# Qraved

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/qraved

- Industry: Internet
- Headquarters: Jakarta, Indonesia
- Website: www.qraved.com
- Total disclosed funding: $22M
- Latest round: Series C (Oct 11, 2019)
- Investors on record: 11

## About

Qraved is a digital platform that connects food enthusiasts with diverse dining options in Jakarta, providing restaurant discovery services and real-time updates on promotions and new establishments.Founded in 2013 in Jakarta, Indonesia, Qraved operates as a digital platform aimed at enhancing the dining experience by connecting users with restaurants. The company has secured total funding of USD 11.07 mn as of October 2019 during its Series C funding round, which includes investments from 500 Global, Aspire Venture Partners Limited, Gobi Partners, Richmond Global Ventures, and Ta Activity Singapore Private Ltd. Qraved's current valuation stands at USD 663.18 mn.Qraved primarily serves as a digital platform for food enthusiasts, allowing users to discover a wide range of restaurants in Jakarta through an easy-to-use app interface. It enhances user engagement by enabling customers to follow their favorite restaurants and receive updates about promotions and new openings, catering to both individual diners and restaurants looking to enhance visibility.Qraved generates revenue by partnering with restaurants through promotional collaborations, where restaurants pay for featured placements or listings on the app. The revenue model is performance-driven, offering various promotional packages tailored to restaurants' marketing goals, including starred listings and targeted advertisements.Following the successful Series C funding raised in October 2019, Qraved plans to allocate the capital towards expanding its product offerings and increasing presence in the Jakarta region. The company aims to enhance its app functionalities and may explore entering new markets within Southeast Asia by the end of 2022 to further connect food enthusiasts with dining options.

## Funding rounds

- Series C, Oct 11, 2019, $11M — Gobi Partners, Richmond Global Ventures, 500 Global, Ta Activity Singapore Private Ltd., Aspire Venture Partners Limited
- Series B, Jun 1, 2018, $3.5M — Convergence Ventures, Gobi Partners, Richmond Global Ventures, Korea Investment Partners, Endeavor Catalyst, M&Y Growth Partners, GWC, Aspire Venture Partners Limited
- Series A, Dec 21, 2015, $7.3M — Gobi Partners, Richmond Global Ventures, 500 Global, Rebright Partners, M&Y Growth Partners, Convergence Ventures, Ta Activity Singapore Private Ltd.
- Seed, Sep 5, 2013 — 500 Global, Rebright Partners

## Investors

- 500 Global (https://capitalatlas.ai/funds/500-global) — Seed, Series A, Series C
- Rebright Partners (https://capitalatlas.ai/funds/rebright-partners) — Seed, Series A
- Gobi Partners (https://capitalatlas.ai/funds/gobi-partners) — Series A, Series B, Series C
- Richmond Global Ventures (https://capitalatlas.ai/funds/richmond-global-ventures) — Series A, Series B, Series C
- M&Y Growth Partners — Series A, Series B
- Convergence Ventures — Series A, Series B
- Ta Activity Singapore Private Ltd. — Series A, Series C
- Korea Investment Partners (https://capitalatlas.ai/funds/korea-investment-partners) — Series B
- Endeavor Catalyst (https://capitalatlas.ai/funds/endeavor-catalyst) — Series B
- GWC — Series B
- Aspire Venture Partners Limited — Series B, Series C