Vietnamese E-Grocery App Raises US$4.5m For R&D

Cooky

Vietnamese e-grocery shopping platform Cooky has raised US$4.5 million in a funding round led by South Korea-based investment firm Nextrans and Vietnamese venture capital firm Do Ventures.

The fresh funds will go towards Cooky’s research and development efforts to create a greater variety of healthy meal kits at better prices, the company said in a statement on Monday (Nov 28).

The Cooky app combines an online grocery store and a meal kit delivery service, where customers can shop for individual ingredients and full recipes. The app has clocked 1.5 million downloads after 1.5 years of operations.

Cooky was founded by Minh Dang and Dai Nguyen, who are also founding members of Vietnamese food delivery player Foody. Foody was acquired by Sea Group in 2017 for US$64 million, The Business Times cited.

Minh Dang said his company wants to provide meals for those who want to eat well but do not have time to cook. “Our customers can leave behind the hassle of grocery shopping and cook whenever they want with no food waste,” he said.

The company is also looking to improve personalised services based on customers’ needs.

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