Tech Company Financing Transactions
Legit Group Funding Round
On 4/11/2023, Legit Group announced $13.7 million in Series A investment from MDI Ventures, East Ventures and SMDV.
Transaction Overview
Company Name
Announced On
4/11/2023
Transaction Type
Venture Equity
Amount
$13,700,000
Round
Series A
Investors
Proceeds Purpose
Legit Group, a cloud kitchen brand operator based in Jakarta. The new funding is to expand into new areas with large delivery markets, as 80% of its outlets are currently in Jakarta.
Company Information
Company Status
Private & Independent
Industry
FoodTech
Mailing Address
PT Selera Kreasi Bangsa Jl. Sultan Iskandar Muda, Kebayoran
Jakarta, Undisclosed
ID
Jakarta, Undisclosed
ID
Phone
Undisclosed
Website
Email Address
Overview
Legit Group's mission is to serve tasty, hearty quality meals for everyone. We look into every detail of our process; from our R&D facility, Central Kitchen Production Factory, Cloud Kitchen outlets and all the way through to our customers' doorsteps. We leave no plates unturned as we believe every part of the supply chain process is important to unlock the best experiences for our customers. Unlike offline dining where food is expected to be consumed right after it is made, online dining requires the food to stay at its optimal condition even during treacherous delivery conditions. Our qualified chefs work hand-in-hand with some of the best food scientists to ensure that our food stays fresh until it finds its way to the customer's belly.
Management Team
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Where The Data Comes From
We do our best to report on all VC transactions involving tech companies. VC transactions reported here come from news reports and company announcements. The data is sourced from VentureDeal.com, an affiliated venture.
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