Food Market Hub raises US$4m in Series A funding from Go-Ventures and SIG

  • 📰 BusinessTimes
  • ⏱ Reading Time:
  • 17 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 51%

Australia News News

Australia Australia Latest News,Australia Australia Headlines

MALAYSIA-BASED Food Market Hub has raised US$4 million in Series A funding from Go-Ventures and SIG, it announced on Wednesday. Read more at The Business Times.

The solution also consists of artificial intelligence technology which helps F&B businesses forecast their purchasing needs by analysing past data to recommend usage of raw ingredients - resulting in better food inventory control.

Mr See said a single restaurant may need to process some 200 purchase orders every month. Previously, most of these orders were processed manually, a tedious process which is also prone to human error. Existing customers include F&B outlets such as Din Tai Fung, KFC, Putien, Paul Lafayet, Arabica and The Drunken Pot.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 15. in AU

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

WHO teams visits Wuhan food market in search of COVID-19 cluesWUHAN: A World Health Organization (WHO) team looking into the origins of the COVID-19 pandemic on Sunday (Jan 31) visited a market known to be ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

US FDA warns Amazon's Whole Foods Market for misbranding food productsThe U.S. Food and Drug Administration (FDA) said on Tuesday it has issued a warning letter to Amazon.com Inc's Whole Foods Market for not labeling ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Commentary: What is the logic of AirAsia entering Singapore’s food delivery market?AirAsia’s entry into Singapore’s food delivery market is risky and may not reach profitability in the foreseeable future, says NUS Business ... to move $ to SG, what else? If you are interested in watching a Masterclass on Platform Business Models what my video on YouTube: . platform SharingEconomy AI service customerservice AirAsia Grab ServiceManagement Marketing BusinessModels NUS NUSBusinessschool Singapore
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Xin Tekka Food Hall Closing After 8 Months, Artbox & Shilin Night Market Operator May Take Over
Source: TODAYonline - 🏆 1. / 99 Read more »

Ikea Jem Opening This Month With Click & Collect Swedish Bistro, Food Market & Restaurant
Source: TODAYonline - 🏆 1. / 99 Read more »