Malaysia-based Supplybunny, an online food and beverage (F&B) supplies marketplace, today announced the completion of RM1.2 million (US$300,000) seed investment, led by Shanghai-based venture capital firm Gobi Partners. Supplybunny will use this investment to establish local teams and enhance marketing efforts. "Supplybunny is starting out within Klang Valley (in Malaysia), linking up over 1000+ restaurants and cafes with local suppliers. The nature of our business is such that majority of purchases are localised. The scope of this investment round is to facilitate this vision within Klang Valley," said Tham Kengyew, CEO of Supplybunny, when contacted by e27. The startup, which was launched in June 2016, enables restaurant and cafe owners to source and order supplies in a transparent marketplace setting. Items available through Supplybunny include fresh produce, meat, seafood, sauces, beverages, equipment, utensils and more. portfolio company. Under the terms of the partnership, Offpeak will introduce its existing base of over 1,600 partner restaurants in Malaysia to Supplybunny’s platform. "As a dedicated marketplace for F&B supplies, Supplybunny adds significant value for restaurateurs by enabling them to order all of their F&B supplies on a single platform, online - thereby saving time and eliminating hassle from having to contact multiple suppliers at a time. Gobi Partners has a lot of experience in the online-to-offline food industry in both China and Southeast Asia, and we’re excited to learn from them," said Tham.
Malaysia's Supplybunny raises US$300K in Seed led by Gobi Partners
Investment to be used to establish local teams and enhance marketing efforts