Foody founder announces strategic investment in Cooky

Saturday, Apr 04, 2020 08:20

Cooky, which was founded in 2015, is a recipe sharing platform. — Photo

Dang Hoang Minh, founder of Foody, has announced a strategic investment in the Cooky application.

The amount of investment has not been disclosed.

Cooky, which was founded in 2015, is a recipe sharing platform.

The platform has more than four million hits per month on both Android and iOS operating systems.

It has nearly 480.000 members and 48,000 recipes so far.

Cooky is planning to develop Cooky Market, a food delivery service.

With Cooky Market, the company will officially enter the delivery market to connect small family-owned farms, food stores and famous chefs with consumers.

Products delivered to consumers will be divided into three categories: ready-to-cook, ready-to-eat and raw material packages.

Earlier, Cooky received investment from ESP Capital and some angel investors.

Dang Hoang Minh founded Foody in 2012. Starting out as a social network providing reviews about restaurants in big cities, Foody quickly developed in the form of a mobile application with revenue coming from advertising, delivery services (Now) and table reservations (TableNow).

Foody was acquired by SEA Group for US$64 million in 2017, becoming one of the first start-up projects to be worth over $100 million in Viet Nam. — VNS

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