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Forbes Asia 100 To Watch 2023

Kraver's gets honored in Forbes Asia 100 Companies to Watch under the "Food & Hospitality" category, selected from leading startups across the continent.

Asia-Pacific’s small companies and startups on the rise

Adrought in global venture capital activity has not deterred startups across Asia from breaking new ground. This year’s Forbes Asia 100 to Watch list spotlights small companies and startups that are targeting underserved markets or applying new technologies, from generative AI to blood-based cancer diagnostics. These include eco-friendly innovations, such as the development of insect-based alternative proteins and digitization of milk production to improve yields. Others include social commerce providers, which help users sell consumer products. Thirteen countries and territories are represented across 11 categories, including biotechnology and healthcare, e-commerce and retail, and finance. Leading the list for the second year in a row, Singapore contributed 20 companies to the list, followed by Hong Kong with 15 and mainland China with 11. The emerging innovation hubs of Indonesia and the Philippines contributed 11 and 9 companies respectively.

Edited by Catherine Wang

Editing assistance and reporting by John Kang

Research assistance and reporting by Yue Wang

Additional reporting by Jayde Cheung, Zinnia Lee, Shanshan Kao, Ming Min Aw Yong

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Kraver’s Canteen

Philippines

Kravers
COURTESY OF KRAVER'S CANTEEN

Category: Food & Hospitality

Year founded: 2020 • CEO: Victor Seunglee Lim

Key backers: Foxmont Capital Partners, Kaya Founders, Oak Drive Ventures, Quest Ventures

Based in Manila, Kraver’s Canteen is a cloud kitchen operator with 11 facilities. It claims to offer over 1,000 meal options, with ingredient transparency and nutrition breakdowns. Users can pre-order meal plans up to 12 weeks in advance. To date, Kraver’s Canteen has secured $4.5 million in funding.