# The Granary Pte.

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

- Industry: Internet
- Headquarters: Singapore, Singapore
- Website: www.grain.com.sg
- Total disclosed funding: $12M
- Latest round: Series B (May 9, 2019)
- Investors on record: 12

## About

The Granary Pte. Ltd. operates as an online restaurant in Singapore, focusing on delivering high-quality, nutritious meals directly to consumers, catering to health-conscious individuals and busy professionals.Founded in 2013 in Singapore, The Granary Pte. Ltd. specializes in meal delivery services. The company has raised a total of USD 5.00 mn in funding, with its latest round being a Series B raise of USD 5.00 mn on May 9, 2019, featuring investors such as Cento Ventures, FoodXervices Pte Ltd, and Genesis Alternative Ventures. The founders include Chris Langenberg, Ernest Sim, Isaac Tan, Rifeng Gao, and Yi Yong.Grain operates as an online restaurant in Singapore, specializing in delivering high-quality meals directly to consumers. They provide a diverse range of meal options catering to various dietary preferences, ensuring customers have access to convenient, healthy food choices. The service model emphasizes a direct-to-consumer approach through their online platform, catering primarily to health-conscious individuals and professionals in urban areas.In the most recent year, 2023, The Granary Pte. Ltd. generated revenue of USD 9,657,872.40 with an EBITDA of USD -2,054,696.40, reflecting the revenue structure primarily based on direct-to-consumer meal transactions facilitated through their online platform.The Granary Pte. Ltd. aims to expand its product offerings and enhance customer loyalty through new meal options currently under development. The recent Series B funding, raised in May 2019, totaling USD 10 mn, will support these initiatives. The company is also planning to enter new markets, with specific geographic regions targeted for expansion by 2024.

## Funding rounds

- Series B, May 9, 2019, $5M — Cento Ventures, Majuven, K2 Global, Raging Bull, FoodXervices Pte Ltd, Openspace Capital, Genesis Alternative Ventures, Sassoon Investment Corporation
- Series B, Dec 27, 2018, $5M — Singha Ventures
- Series B, Feb 8, 2018 — 500 Global, Majuven, First Gourmet Pte Ltd., FoodXervices Pte Ltd, Openspace Capital
- Series A, Apr 21, 2016, $1.6M — Cento Ventures, Raging Bull, Openspace Capital, Great Noble International

## Investors

- Cento Ventures (https://capitalatlas.ai/funds/cento-ventures) — Series A, Series B
- Raging Bull (https://capitalatlas.ai/funds/raging-bull) — Series A, Series B
- Openspace Capital (https://capitalatlas.ai/funds/openspace-capital) — Series A, Series B
- Great Noble International — Series A
- 500 Global (https://capitalatlas.ai/funds/500-global) — Series B
- Majuven (https://capitalatlas.ai/funds/majuven) — Series B
- First Gourmet Pte Ltd. — Series B
- FoodXervices Pte Ltd — Series B
- Singha Ventures (https://capitalatlas.ai/funds/singha-ventures) — Series B
- K2 Global (https://capitalatlas.ai/funds/k2-global) — Series B
- Genesis Alternative Ventures — Series B
- Sassoon Investment Corporation — Series B