Popular Vietnam restaurant ratings website Foody to launch in Indonesia
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Dang Hoang Minh, a co-founder, was quoted as saying that after Indonesia his company would expand to some other Southeast Asian countries, possibly Malaysia, Laos, and Cambodia.
The expansion plan was announced not long after Foody received a fourth round of funding since it was founded in 2012.
US’s Tiger Global Investment is the latest investor to pump money into the young company, whose website now boasts around eight million visits a month.
Foody had earlier got funding from Japan’s CyberAgent Ventures and Pix Vine Capital and Garena of Singapore.
But it has not disclosed any of the amounts.
Questions & Answers
Q.When is Foody expected to begin operations in Indonesia?
When is Foody expected to begin operations in Indonesia?
Foody is scheduled to launch its website in Indonesia on August 10. This is the start of their expansion into the Indonesian market, as reported by VnExpress on Monday.
Q.Which specific countries does Foody plan to expand into after its Indonesian launch?
Which specific countries does Foody plan to expand into after its Indonesian launch?
After Indonesia, Foody intends to expand into other Southeast Asian countries. Possible future markets include Malaysia, Laos, and Cambodia, according to co-founder Dang Hoang Minh.
Q.Which company is the most recent investor in Foody?
Which company is the most recent investor in Foody?
The US-based firm Tiger Global Investment is the latest investor to provide funding to Foody. This investment round follows previous funding from CyberAgent Ventures, Pix Vine Capital, and Garena.
Q.How many times has Foody received funding since it was established?
How many times has Foody received funding since it was established?
Foody has received four rounds of funding since its establishment in 2012. The most recent investment came from Tiger Global Investment, with earlier support from other venture capitalists.
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