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South-East Asia’s Grab plans deeper push into food services

SINGAPORE: South-East Asian ride-hailing agency Seize is organising extra kitchen services for retailers and including new companies corresponding to procurement and analytics in a bid to push deeper into the fast-growing meals supply enterprise.

Seize, the area’s Most worthy startup, has earmarked meals supply as a significant pillar for progress because it expands past its taxi-hailing roots into different areas, together with monetary companies.

It’s banking on the comparatively low penetration of present meals supply corporations in South-East Asia, and is utilizing its present community of riders and drivers to construct its service.

Seize’s meals supply enterprise noticed 5.2 occasions progress in gross merchandise worth final 12 months, and practically tripled its variety of energetic customers.

“We’re very a lot within the funding stage with meals, and we are going to proceed to develop that. We do consider that finally meals will assist enhance our profitability in the long term,” Lim Kell Jay, regional head of GrabFood, instructed reporters on Jan 8.

He spoke as Seize confirmed off its first so-called cloud kitchen in Singapore, which additionally has takeaway and dine-in choices. Its opening has taken the full variety of such kitchens operated by the corporate to 50 within the area.

Seize didn’t present a goal, however stated it could proceed to increase its community of kitchens primarily used for supply. The agency’s regional rival Go-Jek has additionally been testing out cloud kitchens in Indonesia. – Reuters

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