- Singapore-based online food ordering platform Oddle raises US$718K
- Round was led by East Ventures and ex Warner Music Asia Pacific CEO Holly Tan
- Funding will be used for regional expansion into Hong Kong, Vietnam, Taiwan and Indonesia, as well as to further develop the platform
The company earlier shared with e27 that it had received an undisclosed angel investment in August 2014, and had planned to raise another funding this March.
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Founded in March 2014, Oddle is B2B SaaS company for restaurants to manage the logistics of online deliveries and pick-ups, as well as receive insights into behaviour of its customer base.
With the fresh injection of capital, Oddle intends to focus on regional expansion into major cities in Hong Kong, Vietnam, Taiwan and Indonesia, as well as further develop its platform to enable multiple language functions and strengthen back-end infrastructure to support larger capacities.
According to Oddle, the one-year-old platform has facilitated over US$1.4 million worth of transactions, reporting a 20 per cent month-on-month growth. Presently, the company has 350 merchant outlet sign-ups in the United States, Singapore, Hong Kong and Vietnam, and has worked with over 200 brands including The Soup Spoon, Paul, Mr Bean, Pizza Express and Yumcha Restaurants.