Kraver’s Canteen

Based in the Philippines, Kraver’s Canteen offers a diverse selection of food services, specializing in meal kits and ready-to-eat meals tailored for health-conscious consumers. Founded in 2020 in Pasig City, Philippines, Kraver’s Canteen provides meal services and has completed two deals since inception. The company raised USD 3. 000 mn in SERIES A funding on May 3, 2022, led by Quest Ventures, with participation from Foxmont Capital Partners, Kaya Founders, and Oak Drive Ventures.

The founders, Eric Dee and Victor Lim, have a background in entrepreneurship, contributing to the company's development and market positioning. Kraver’s Canteen specializes in a range of food offerings designed for various dietary preferences, including meal kits, ready-to-eat meals, and healthy snacks. Their products meet the needs of health-conscious consumers and busy professionals, marketed primarily through direct-to-consumer channels. The company caters to urban markets, focusing on metropolitan areas where demand for convenient food solutions is high.

In 2022, Kraver’s Canteen generated a revenue of USD 1,850,399. 10, with an EBITDA of USD -369,898. 30. The company operates a direct-to-consumer model, offering subscription plans that allow customers to receive regular deliveries of meals and snacks tailored to their preferences.

Following its recent SERIES A funding of USD 3. 000 mn in May 2022, Kraver’s Canteen plans to accelerate expansion and product innovation. The company intends to build 100 cloud kitchens by 2025, enhancing its capacity to deliver services. This strategic move aims to facilitate entry into new markets and regions as it seeks to expand its presence significantly.