Zing Ventures has successfully secured the lead investor from its USD10 million Series A funding round, Tisana Ventures. The Series A funding will be strategically led by Tisana Ventures, the family office of renowned technopreneur and Oil & Gas (O&G) corporate leader, Mr Zainal Abidin Abdul Jalil.
The funds will be utilised to drive the group's aggressive regional expansion plan commencing with growing its existing footprint in Malaysia, entering Singapore by Q4 2022 and penetrating the Indonesian market in 2023.
Zing's Co-Founder and CFO, Ehon Chew, commented that the company’s novel approach has proven successful in addressing market challenges that hamper F&B businesses from unlocking their full potential. “ZING's cutting-edge ecosystem and customised turnkey solutions can help F&B brands overcome conventional expansion struggles and flourish, locally and soon internationally, without the need for exorbitant capital expenditure.”
A digital foodhall operator and food technology company, ZING empowers F&B brands to thrive in today's increasingly virtual and digital marketplace. Offering both a physical and virtual marketplace, combined with multi-brand delivery kitchens and catering solutions, F&B brands can leverage on both the increasing demand for delivery and multi-brand dine-in experiences for customers.
Currently, ZING works with over 40 F&B partner brands including Nathan's Famous, the world-renowned hotdog brand with a 100-year history; Cold Stone Creamery, the popular American ice cream chain; The Majapahit, a renowned restaurant chain in Malaysia; Chagee, the artisanal teahouse concept from China; Tail & Fin, the Poke sensation from Las Vegas; Goobne, the #1 South Korean oven-roasted chicken concept, and Union Artisan Coffee, a renowned cafe chain in Malaysia.
ZING Co-Founder and CTO, Dr Koh Wee Lit, emphasized ZING's strategic use of technology to elevate F&B brands. “By applying ZING's advanced data mining techniques, brands can better understand their customers, amplify positive customer experience and raise the bar on customer satisfaction; a win-win for consumers and brands."
"Ultimately, what sets ZING apart is that our technology is interwoven into our operations' DNA. Together, the ZING team has almost 200 years of combined experience not just in tech development but also in operating F&B brands across the globe.”