SG’s abillionVeg raises $500k from 1/0 Capital, Blue Horizon, others

abillionVeg is a vegan review platform based in Singapore.

Singapore-based abillionVeg, which offers an app for vegan restaurant discovery and reviews, has raised $500,000 in seed funding from eight investors including 1/0 Capital from New York, and Blue Horizon from Zurich.

According to an official statement, abillionVeg plans to use the proceeds to improve its search engine and review platform.

Founded in 2017, abillionVeg’s platform allows people to locate and review vegan products such as packaged food items, consumer products, and even dishes at a restaurant. The startup claims to be the world’s largest menu and review platform for vegan dishes at restaurants, with more than 10,000 dishes reviewed in over 50 countries.

Vikas Garg, founder and CEO of abillionVeg, said, “Eating healthy should be easy but it’s not. Although more people identify as vegan or plant-based, options are still scarce. Only 4 to 5% of dishes at restaurants around the world are vegetarian, while less than 2% of the dishes are vegan.”

Roger Lienhard, founder of Blue Horizon, said: “In the last decade we’ve seen a rise in vegan lifestyle and consumption, which is a great step towards a more sustainable future. We’re excited to support technology-enabled platforms like abillionVeg that are working on improving both the supply and demand for plant-based products”.

According to abillionVeg, nearly 20 per cent of the restaurants contacted through its outreach efforts have taken the first step in adding more plant-based options. The startup claims to have created a global network of farm animal rescue groups and sanctuaries where $1 is contributed every time a review is posted.

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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.

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.