Glife Technologies Pte Ltd
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Glife Technologies Pte Ltd - overview
Established
2017
Location
Singapore, -, Singapore
Primary Industry
Software
About
Based in Singapore, Glife Technologies Pte Ltd develops an integrated technology platform that connects restaurants with suppliers in the food and beverage industry, optimizing procurement processes and enhancing operational efficiency. Glife Technologies Pte Ltd specializes in connecting restaurants and suppliers in the food and beverage sector. Founded in Singapore in 2017 by Caleb Wu, the company has conducted a total of 3 funding deals. Its most recent funding round was a Series A in September 2022, raising USD 5.
77 mn led by Heliconia Capital Management, alongside participation from Quest Ventures, RHL Ventures, and Tin Men Capital. The total amount raised to date is USD 5. 77 mn, with a current valuation of USD 40. 15 mn.
Glife Technologies Pte Ltd offers an integrated technology platform that serves as a one-stop marketplace for sourcing ingredients, order management systems, and supply chain automation specifically for the food and beverage industry. The platform enables seamless browsing, ordering, and payment processes, ensuring quality and freshness through stringent food safety standards. Their offerings include over 1000 SKUs of processed ingredients designed to meet the diverse needs of clients, primarily restaurants and food service businesses across Southeast Asia. In 2021, Glife Technologies reported revenue of USD 9,188,667.
60, with an EBITDA of USD -4,369,303. 20, reflecting its operational performance and business activities during that year through B2B transactions facilitated by their platform. In September 2022, Glife Technologies Pte Ltd raised USD 5. 77 mn in Series A funding, which is part of a larger USD 11 mn Series A round led by Heliconia Capital Management.
The funding will support the development of new product offerings and facilitate expansion into additional markets within Southeast Asia, including Malaysia, Thailand, and Indonesia. The company aims to enhance its technology platform further and streamline supply chains, with future product launches anticipated in the upcoming quarters.
Current Investors
500 Global, Global Founders Capital, Rocket Internet SE
Primary Industry
Software
Sub Industries
Web Applications, Logistics Software
Website
https://glife.com.sg
Verticals
Agtech, E-commerce
Company Stage
Series A
Total Amount Raised
Subscriber access only
Glife Technologies Pte Ltd - timeline of key events
Glife Technologies Pte Ltd - financials
| Fiscal Year Ended | May 31, 2018 | May 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 |
|---|---|---|---|---|---|
| Revenue (USD) | 410,213 | 4,704,997 | - | - | - |
| % Revenue Growth (YoY) | - | 1047.0% | - | - | - |
| EBITDA (USD) | 10,523 | (956,117) | - | - | - |
| Operating Income (USD) | 10,347 | (967,932) | - | - | - |
| Operating Margin | 2.5% | (20.6%) | - | - | - |
| % EBITDA Margin | 2.6% | (20.3%) | - | - | - |
| NET Income (USD) | 10,347 | (967,932) | - | - | - |
| % Net Margin | 2.5% | (20.6%) | - | - | - |
Glife Technologies Pte Ltd - employee data
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