Cookly, a platform for cooking classes and culinary experiences, today announced a Pre-Series A funding round led by Zcoin founder Poramin Insom. Venture Capital 500 TukTuks, the Thailand branch of 500 Startups who also invested in the previous seed funding, followed on in this round.
“We strongly believe in the team and the huge market opportunity in food experiences and we are glad to be part of this funding round” says Natavudh Pungcharoenpong, Partner at 500 Startups.
Previous investors also include dtac Accelerate, which is part of the Telenor Group, one of the world’s largest mobile telecommunications companies.
With the new funding under its belt, Cookly is ready to scale its business and further expand globally. While capturing more stake in the global market, the investment will also help Cookly to build a stronger product aimed to serve the ever-growing segment of foodies and travellers. In one year the company increased their bookings by 5x while adding 45 new destinations to its platform. “We want to strengthen our market leadership and establish our global presence while building a more user focused product for an industry that shows tremendous growth and interest”, says Benjamin Ozsanay, CEO and Co-Founder of Cookly.
The World Food Travel Association estimates the culinary tourism industry to be valued at more than $150B. Furthermore, Cookly intends at making use of Zcoin’s technology in the future to facilitate borderless payment transactions. While cryptocurrency trading is getting a lot of attention, real-life usage will hopefully pave the way for cryptocurrencies like Zcoin for mainstream acceptance as an alternative payment option.
Founded in 2015 by Benjamin Ozsanay, Etienne Marleau-Rancourt and Kowit Charoenratchatabhan, the Bangkok-based tech startup has established itself as the leading booking platform for cooking classes and culinary experiences. Cookly’s service is currently covering 65 destinations across 23 countries.