Meal Temple Group, a Cambodia-based food delivery and logistics company with operations in Laos, has announced its entry into the Kingdom of Bhutan with an investment in DrukRide, an online bus ticket booking platform.
Founded by Jigme Thinley Yoezer Rinzin, DrukRide.com has developed an app that allows local and international travellers to book and buy bus tickets in the country.
The partnership with Meal Temple will help Thimphu-based DrukRide to expand its operations into other parts of Bhutan. Although it is small compared to others in the region, Bhutan is still untapped, and the demand for online and delivery services is growing.
Meal Temple will deploy its tech and operations locally through its food delivery unit DrukFood. More than 80 restaurants are already working with the local team to offer meals to customers throughout the city, leveraging a network of thousands of drivers that DrukRide has collected through its ride-hailing service MyDrukRide.
DrukRide will also offer a range of new services it is offering in other markets to become a super app eventually.
“Thanks to our local knowledge and their (Meal Temple’s) industry experience, acquired through other similar frontier markets in Asia, we will be able to address hundreds of daily orders within the next few weeks,” Rinzin said.
In June, Meal Temple Group announced a strategic equity investment into Freshgora.com, an on-demand food and grocery delivery startup in Myanmar.
Last October, Cambodia-based startup Meal Temple raised a six-figure round from private Australian and European investors.