Ratio Food & Beverage Pte. Ltd. Asset Profile

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Year established

2017

Location

Singapore Singapore

Primary Industry

Retail

About

Founded in 2017 and based in Singapore, Ratio Food & Beverage operates a cafe and lounge that uses robots to create drinks. The firm was founded by the CEO Mr. Gavin Pathross and has outlets in China since 2018. The firm has raised a Series A funding of USD 10 million in February 2021. Ratio Food & Beverage uses robotic arms to work with human employees in creating coffee drinks and cocktails for its customers. The firm provides a kiosk that enables consumers to customized their orders, thus the information will be delivered to the cloud and absorbed by the robot to process the order. Ratio Food & Beverage generates revenue by allowing its clients to franchise its cafe and lounge and lease its technology for their= own food and beverage businesses. It also enables their clients to rent the robotic arm units for between USD 2,000 to USD 4,000 a month, depending on the configuration. The firm plans to use its Series A funding to expand in Singapore, Thailand, and Malaysia within 2021. The company is also planning to expand its engineering and IT teams in Singapore and Shanghai by another 20 people in early 2022. Ratio Food & Beverage also plans to produce 40 robotic arms by the end of 2021.

Current Investors

Frasers Property, zVentures, JustCo

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Primary Industry

Retail

Sub Industries

Food, Coffee Shops

Website

www.ratio.inc

Verticals

Artificial Intelligence, Cloud Computing, IoT (Internet of Things), Mobile Apps, Robotics

Company Stage

Series A

Total Amount Raised

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