ReMeal, a startup from Kuala Lumpur, Malaysia that is tackling the problem of food waste using tech, has successfully secured pre-seed investment of an undisclosed amount from UK-based investment firm Quinque Global.
ReMeal has built an app where users can purchase surplus food from cafes, bakeries, supermarkets, and restaurants at discounted prices.
Falah Hamidi, co-founder of ReMeal expressed that, "We are solving a real problem at a time where food inflation is hitting record highs. The retail industry acknowledges that wasting food in these tough times is unacceptable, and are pleased to know that there is a proven solution that can help mitigate this. The investment has come at the right time. We are currently in talks with some large brands, and our soft launch with our first partner is just around the corner. These funds will enable us to scale fast across Malaysia post-launch, and change the food scene forever."
Christopher Essex, director of Quinque Global states, "Investing in ReMeal is a no-brainer. The concept that they are launching in Malaysia has existed in the UK and Europe for a decade, and has seen great success. So it was surprising to hear that Malaysia has not replicated this business model. Especially being a country that consists of so many international brands, with these same brands already using this type of platform in the UK. The founding team at ReMeal has a very diverse set of skills, and we fully trust that they will be the ones to disrupt this space."