Korean gourmet platform startup Kaviar has succeeded in attracting 16 billion won ($12.28 million) in Series B investment. The startup was recognized by investors for its competitiveness of securing more than 150 food IPs at home and abroad.
In the investment, Stone Bridge Ventures made a follow-up investment and GS Retail, Danal, T.K. Investment, and Woori Bank newly participated.
Kaviar is an RMR (Restaurant Meal Replacement) company that curates a variety of dishes from famous chefs and restaurants, from Michelin-selected restaurants to long-established stores, so that food connoisseurs can enjoy variety of meals. With this investment Kaviar Korea intends to establish strategic partnerships with companies in the distribution and payment fields. It also plans to expand customer base by utilizing GS Retail’s distribution channels and actively cooperate with Danal.
Park Young-sik, CEO of Kaviar, said, “By attracting this Series B investment, we will expand our food IP-based business and become a gastronomy platform through strategic partnerships with investors.”
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