MealPal changes existing business model, expands operations in Singapore
After making its debut in Singapore in July last year, US-based food subscription startup MealPal decided to expand its operations to approximately 50 hawker stalls on the platform, according to The Vulcan Post. Its newest additions include stalls at Market Street Interim Food Centre, Tanjong Pagar Plaza Market and Timbre+.
The startup will also be shifting its business model to adopt a flexible credit plan like ClassPass, where meals will be available for a range of credit prices instead of having one fixed price.
The company said that “it wants locals to maintain the culture of visiting a hawker centre”.
Currently, MealPal’s services are available across Buona Vista, CBD, Novena and Orchard. It is most prominent across the business hubs making the feature of skipping the queue, valuable for working professionals.
Nepalese food delivery platform Foodmandu secures Series B funding
Foodmandu, a Nepalese food delivery platform, has managed to score an undisclosed amount of funding in a Series B round led by Team Ventures, a private investment fund based in Nepal. Team Ventures will have a 20 per cent stake in the startup, according to the company’s press statement.
Founded by Manohar Adhikari in 2010, Foodmandu delivers food from 500 plus restaurants across three cities of Kathmandu Valley through a pool of 200 riders. Unlike popular food delivery apps such as UberEats and Grab, it also delivers fresh vegetables, beverages and cakes from farmers’ markets, wholesalers and leading hotels to consumers.
“We are happy to have this opportunity to invest in a homegrown, new-economy business like Foodmandu and be a part of its future growth,” said Tenzin Gonsar, Founder & CEO of Team Ventures.
Team Ventures have also invested in a number of real estate development projects, a licensed merchant banking company, stock market and also operates its own trading company.
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Image Credit : Ke Vin
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