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Singapore's Garena invests in Viet Nam's Foody.vn website

Update: July, 11/2015 - 09:35
HA NOI  (VNS) — Garena, a Singaporean consumer internet platform provider, poured capital into Foody.vn, a website that helps customers find and rate entertainment venues and restaurants in Viet Nam.

The value of the deal has not been revealed, according to ictnews.vn.

This is the third time another company has invested in Foody.vn. The two previous investments came in 2012 from Tokyo-based CyberAgent Ventures Inc., a venture capital arm of CyberAgent Inc., and Pix Vine Capital, a Singaporean investor in 2013.

Foody Corporation also operates deliverynow.vn and tablenow.vn, which provide services for delivery and table-booking. It plans to expand its market in Southeast Asia.

Foody.vn, which was founded by Dang Hoang Minh in 2012, has more than 115,000 POIs (points of interest), 275,000 ratings and 1.5 million photos.

The website attracts eight million visitors each month and 500,000 mobile app downloads, making it the number one site for rating and searching restaurants and other venues in Viet Nam. — VNS

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