OpenTaste
Singapore
About OpenTaste
Combining fresher, convenience and lower prices, OpenTaste is revolutionizing the way consumers buy food. OpenTaste is an innovative online marketplace for fresh food. It has built an effective perishable produce logistics service, gathering products from over 200 farms and food manufacturers across 6 countries, and growing. The company prides itself on delivering these products in the shortest possible time from farm to consumer, and at prices that are incredibly low. This unique online platform acts as a global farmer’s market, connecting consumers with farmers and foodmakers. At the click of a button, consumers can now buy farm-fresh produce, dairy, meat, seafood and pantry items directly from global sources at wholesale prices and have them delivered within 36 hours. How is this possible? Very simply, OpenTaste is not a food vendor or supermarket. Rather it is an innovative logistics enterprise built by a highly passionate team, developing technology and designing processes to extract efficiency at every point of the food supply chain. The just-in-time system, where produce is delivered directly to customers from the farms, is the key. All unnecessary intermediaries, like farm brokers, exporters, importers and distributors are eliminated, thus reducing costs and ensuring freshness. Food wastage levels are also extremely low, with a dump rate that is significantly lower than the industry average of 13%. The last mile solution where orders are packed and delivered to customers adds to the efficiency gains. Leveraging on their proprietary crowdsourcing system, members of the community with time to spare can sign up to pack or deliver orders to customers, earning additional income in doing so. The end result? Consumers get more choices and at better prices, farmers get access to a bigger market, receive a fairer deal and is paid on time, and the community on the whole benefits from putting assets to work which would otherwise have been left idle.
Company Facts
- Operating status: Active
- Company type: For Profit
- IPO status: Private
- Employees: 101 – 250
- Estimated revenue: Less than $1M
- Total funding: $52.0M
- Funding stage: Early Stage Venture
- Last round: Series A (Jun 2021)
- Website: opentaste.sg
- Phone: [email protected]
Industries & Categories
E-Commerce, Food and Beverage
Social Profiles
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