Founders of Singapore’s Food Ordering App Oddle Look for the Exit
- Online food ordering taken off during Covid-19 pandemic
- Startup has raised funds of S$5 million over past three years
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Founders of Singapore food ordering app Oddle, that offers choices from Michelin-starred restaurants to bubble tea concoctions, are working with an adviser to exit the company, according to people with knowledge of the matter.
The startup, co-founded by Jonathan Lim, Pua Yong Xiang and Jeremy Lee, has reached out to potential suitors to gauge interest, said the people, asking not to be named as the process is private. Sale documents show that Oddle has raised total funds of S$5 million ($3.7 million) over the past three years and is projecting a gross profit of S$8 million for fiscal year ending March 2021, the people said.