What is Qraved?
Qraved operates as Indonesia's leading food application, dedicated to guiding users to the best restaurants, particularly in Jakarta. The platform provides personalized dining recommendations and comprehensive guides suitable for various occasions, thereby elevating the overall dining experience for food enthusiasts. Qraved's core mission is to connect its user base with up-to-date content and exclusive promotional updates from a wide array of brands and shopping malls, catering to a broad audience eager for unique culinary adventures and discoveries.
How much funding has Qraved raised?
Qraved has raised a total of $9.3M across 2 funding rounds:
Series A
$1.3M
Series B
$8M
Series A (2014): $1.3M with participation from Convergence Ventures and M&Y Growth Partners
Series B (2015): $8M led by Richmond Global Ventures, 500.com, Convergence Ventures, M&Y Partners., and Gobi Partners
Key Investors in Qraved
Convergence Ventures
Convergence Ventures is a venture capital firm that likely focuses on early-stage technology investments, particularly within the Southeast Asian market, given its involvement with Qraved.
Richmond Global Ventures
Richmond Global Ventures appears to be an investment firm that supports companies in their growth phases, potentially with a focus on technology and consumer-facing businesses.
500.com
While 500.com is known as a leading online sports lottery service provider in China, its participation suggests a diversified investment strategy or an interest in emerging consumer technology platforms.
What's next for Qraved?
With the recent strategic investment and substantial total funding, Qraved is poised for accelerated growth and market penetration. The company is likely to focus on enhancing its recommendation algorithms, expanding its restaurant partnerships, and potentially exploring new geographical markets within Indonesia or Southeast Asia. This capital injection signals a strong confidence from investors in Qraved's business model and its capacity to dominate the digital food discovery space, suggesting a move towards scaling operations and solidifying its market leadership.
See full Qraved company page
