FoodStory Secures Series B Funding from Beacon VC and JWD Group to Further Strengthen the Thai Restaurant EcosystemFoodStory

FoodStory, a leading POS & Restaurant Management System startup, announced that it recently raised Series B funding in a round led by Beacon VC, the venture capital arm of KASIKORNBANK PCL (KBank), with participation from JWD InfoLogistics PCL (JWD). The company plans to use the proceeds to support product development to improve restaurant operation efficiency. Additionally, FoodStory aims to enhance the Thai restaurant ecosystem by turning data into insights for restaurant owners to better understand and optimize their businesses for sustainable development.

Mr.Tanate Piriyothinkul, Chief Commercial Officer of JWD InfoLogistics PCL, said that “JWD Group foresees the importance and growth potential of the food industry, especially through e-commerce channels, with an exceptional capability to thrive even further. JWD’s investment in FoodStory is one of the e-commerce strategies to accelerate food logistics business through an application platform in order to expand our food logistics to cover B2B, B2C, and C2C segments in the future. This growth will be enabled by cold chain express delivery service as well as an extensive network of temperature-controlled distribution centers and warehouses according to our business plan. We see FoodStory as an exceptional restaurant management platform which has high growth potential due to their business model, technology, and most importantly, the team with a strong vision and deep understanding of the total needs of restaurant businesses.”