Cambodia-based Meal Temple makes Myanmar foray with Freshgora investment

In an effort to broaden its regional presence, Cambodia-based food delivery and logistics firm Meal Temple Group has made a strategic minority stake investment in Myanmar-based Freshgora.com, the latter’s spokesperson said.

Founded two years ago by Daniel Htut, Freshgora provides delivery services mainly by connecting with restaurants. The platform also delivers from other channels such as liquor stores, and pet supplies.

Under the deal, the local entity will continue to operate as Freshgora, and will work together with Meal Temple Group to become an on-demand super app for the frontier markets in Asia in the long run.

Htut said, Meal Temple will guide Freshgora on how to sustain their growth in the market.

Meal Temple’s expansion to Myanmar comes about seven months after it raised a six-digit dollar investment from Australian and European investors.

In February this year, Freshgora managed to set foot in Laos after acquiring Laos-based delivery platform MyDelivery, a unit of fintech firm Kiwi Group.

Meal Temple will provide technological support to Freshgora’s delivery platform and also in areas such as marketing, public relations and financing.

Freshgora’s head of PR, Thiha Soe, said, the company will currently be prioritising providing a better food delivery experience to the Myanmar nationals.

“We want to provide customers an effective way of spending time ordering food, to deliver on time and give the same experience and taste as personally ordering from a restaurant,” said Soe.

The startup claims to have got over 200 partner restaurants on board.

In a longer-term view, Freshgora is aiming to add more logistic services on its platform including categories like groceries and housekeeping services like laundry.

The investment in Myanmar represents part of Meal Temple Group’s ambition to address the on-demand needs of more than 100 million people in the frontier markets of Asia by the end of this year.

To date, Meal Temple Group has expanded into 13 online platforms in areas such as grocery delivery, booking tuktuks and taxis, restaurant booking and buying products online from farmers.

Singapore Reporter/s

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Following vacancies can be applied for (only in Singapore).   

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Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.