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

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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.

 

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