Cookly, the leading platform for cooking classes and culinary experiences around the world has announced a Pre-Series A funding round led by Zcoin founder Poramin Insom.
Zcoin ranks among the top 100 most valuable cryptocurrencies worldwide. Venture Capital 500 TukTuks, 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 TukTuks, the Thailand branch of 500 Startups.
“dtac accelerate was the first to invest in Cookly since the pre-seed round and has provided PR and marketing support to help Cookly fulfill its startup potential to expand internationally and grow in the global tourism industry, in which people are willing to spend on their travel experience,” said Mr. Sompoat Chansomboon, Managing Director of dtac accelerate.
With the new funding under its belt, Cookly is ready to scale its business and further expand globally. While capturing more of the global market, the investment will also help Cookly to build a stronger product aimed to serve the ever-growing segment of foodies and travelers. 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.
dtac accelerate is Norwegian-owned dtac’s (Telenor) accelerator in Thailand. Cookly is a Bangkok-based tech startup with mission is to preserve and promote food cultures from around the world through cooking.