<article>Singapore-based online food startup Grain on Friday announced that it has raised $10 million in its Series B funding round led by Thai venture capital firm Singha Ventures.</article>

Singapore-based online food startup Grain on Friday announced that it has raised $10 million in its Series B funding round led by Thai venture capital firm Singha Ventures.
In a statement, Grain said the funding round was also joined by returning investors Openspace Ventures, Raging Bull and Cento as well as new investors Genesis Alternative Ventures, Sass Corp, K2 Global, FoodXervices, and Majuven.
The company said the new investment, which is a mix of equity and venture debt, will be used to ramp up growth in Singapore and finance its expansion to other cities, with Bangkok being the first on its roadmap. It will also use the capital to build infrastructure to support up to $100 million in revenue.
&#8220;We want to disrupt the F&amp;B landscape and evolve with consumer preferences, but also have solid fundamentals. This is just the start,&#8221; said Sung, Grain co-founder and CEO.
The company, which ranked fifth among Singapore&#8217;s fastest growing companies in a recent study, claims to have achieved profitability in December.
Grain raised a total of S$4.2 million in its Series A funding round led by Openspace Ventures in 2016. It raised another S$1.7 million in a venture round co-led by First Gourmet, FoodXervices, and Majuven last year.
The company describes itself as an online food company that focuses obsessively on the customer experience &#8212; from creating dishes customers love to designing the perfect menu to going the extra mile to make each meal unforgettable.
Specifically for Thailand, Grain will work with Singha by utilising its extensive F&amp;B network across the country, including logistics and distribution, to bring delightful innovations to consumers.
“There is great in Grain, and believe that our collaboration will help Grain expand in Southeast Asia and realise its regional vision,” said Bhurit Bhirombhakdi, chairman of the executive board at Singha Ventures.
Singha Ventures is the corporate venture capital fund of Singha Corporation, which is part of Boonrawd Brewery Group, Thailand&#8217;s leading conglomerate.

The capital will be used to ramp up its growth in Singapore and finance its expansion to other cities, with Bangkok being the first on its roadmap.

SG's online food firm Grain raises $10m in Singha Ventures-led Series B

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SG's online food firm Grain raises $10m in Singha Ventures-led Series B

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