About Float Foods
Float Foods is a company based in Singapore (Singapore) founded in 2020.. Float Foods has raised $1.66 million across 2 funding rounds from investors including Agrocorp, DSG Consumer Partners and Insignia Ventures Partners. Float Foods offers products and services including OnlyEg. Float Foods operates in a competitive market with competitors including Hoow Foods, among others.
- Headquarter Singapore, Singapore
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Sectors
Consumer
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Float Foods Pte Ltd
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Annual Revenue
$94.44 K (USD)1017as on Jul 31, 2023
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Net Profit
$-1.35 M (USD)33as on Jul 31, 2023
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EBITDA
$-1.35 M (USD)32as on Jul 31, 2023
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Total Equity Funding
$1.66 M (USD)
in 2 rounds
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Latest Funding Round
$1.66 M (USD), Seed
Jun 08, 2021
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Investors
Agrocorp
& 8 more
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Employee Count
Employee Count
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Products & Services of Float Foods
Float Foods offers a comprehensive portfolio of products and services, including OnlyEg. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Plant-based egg alternative made from legumes for cooking and baking.
Funding Insights of Float Foods
Float Foods has successfully raised a total of $1.66M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $1.66 million completed in June 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Seed — $1.7M
- First Round First Round
- Investors Count 9
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2021 | Amount | Seed - Float Foods | Valuation | DSG Consumer Partners , Insignia Ventures Partners | |
| Mar, 2021 | Amount | Grant - Float Foods | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Float Foods
Float Foods has secured backing from 9 investors, including venture fund and institutional investors. Prominent investors backing the company include Agrocorp, DSG Consumer Partners and Insignia Ventures Partners. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Investing in and supporting insurgent consumer brands in India and Southeast Asia.
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Founded Year | Domain | Location | |
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Venture capital services and app-based platform requiring JavaScript.
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Founded Year | Domain | Location | |
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Apricot Capital is engaged in investing in impactful entrepreneurs.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Float Foods
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Float Foods
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Float Foods Comparisons
Competitors of Float Foods
Float Foods operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Hoow Foods, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Brand of cookies
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Float Foods
Frequently Asked Questions about Float Foods
When was Float Foods founded?
Float Foods was founded in 2020 and raised its 1st funding round 1 year after it was founded.
Where is Float Foods located?
Float Foods is headquartered in Singapore, Singapore.
Is Float Foods a funded company?
Float Foods is a funded company, having raised a total of $1.66M across 2 funding rounds to date.
What is the annual revenue of Float Foods?
Annual revenue of Float Foods is $94.44K as on Jul 31, 2023.
What does Float Foods do?
Float Foods was founded in 2020 in Singapore. Operations are centered on the plant-based food sector, where a platform for egg substitute products is provided. The product OnlyEgg has been developed via proprietary technology and in-house research and development. Legumes-based alternatives for both egg yolk and egg white are utilized to replicate traditional egg functions.
Who are the top competitors of Float Foods?
Float Foods's top competitors include Hoow Foods.
What products or services does Float Foods offer?
Float Foods offers OnlyEg.
Who are Float Foods's investors?
Float Foods has 9 investors. Key investors include Agrocorp, DSG Consumer Partners, Insignia Ventures Partners, Apricot Capital, and Teja Ventures.