Founders of Singapore food ordering app Oddle look to exit

The Straits Times

Sale documents show that Oddle has raised total funds of $5 million over the past three years and is projecting a gross profit of $8 million for fiscal year ending March 2021, the people said.

Online food ordering from people stuck indoors has taken off since the outbreak of the Covid-19, boosting revenues at companies such as Oddle. Deliberations are at early stage and the founders could decide to keep the business, the people said. The firm declined to comment when contacted by Bloomberg News.

The start-up counts SPH Ventures, RB Investment, Fidelis Capital, Wavemaker Partners and Quest Ventures among its backers, according to its most recent filings with Singapore regulators. The company’s order management system is used by some 3,000 brands in more than 10 countries, its website show.

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