Cambodian startup Meal Temple Group invests in Bhutan’s DrukRide

Cambodian food delivery and last-mile delivery startup Meal Temple Food is investing in DrukRide, a transportation app in Bhutan, according to an announcement.

Financial terms of the investment were not disclosed, while Meal Temple Food said it will work with DrukRide to expand the business nationally.

“Even if Bhutan is a small market compared to others in the region, it is totally untapped, and local customers are looking more and more to online and delivery services,” Meal Temple Food said in a statement.

It added that it will deploy its tech and operations locally through DrukFood.com, which will become the first food delivery platform in the kingdom country, starting with the main city Thimpu. More than 80 restaurants in the city are working with the local team, leveraging DrukRide’s network of thousands of drivers in its ride-hailing operation called MyDrukRide.

Jigme Thinley Yoezer Rinzin, founder of DrukRide, said the investment and partnership will enable the company to address hundreds of daily orders within the next few weeks.

The Bhutan expansion by Meal Temple Group follows its inroads to other frontier markets in the region since earlier this year. It had acquired Lao startup MyDelivery from Kiwi Group before investing in a minority stake of Myanmar-based Freshgora.

Last year, Meal Temple Group announced it raised a six-digit funding from Australian and European investors.

The company said it targeted to address more than 100 million customers in Asian frontier markets within the next 12 months.

With its regional expansion, Meal Temple Group will offer other new services to eventually become a super app in these markets. “Meal Temple Group is continuing its expansion through strategic partnerships and investments throughout the region,” the startup said.

It also pledges to switch its fleet to electric vehicles, which is in fact being done in Cambodia, in an effort to build cleaner cities.