STARTUP OF THE WEEK

🍛 From chicken rice stall to stock exchange

Nicholas Lim only wanted to help his father’s Hainanese chicken shop get a bit more attention.
So he started a small food blog in 2016.

Nine years later, he runs one of Southeast Asia’s biggest food media companies. And it is about to go public.

📊 The numbers

  • 46 million followers across TikTok, Instagram and Facebook

  • Valuation: 266 million ringgit (around 64.5 million USD)

  • IPO planned for November 28, aiming to raise 75 million ringgit (18 million USD)

👉🏻 The new capital will go into a livestream studio, new creators and AI tools that auto-translate videos and even sync lip movements. Soon, his food clips will look as if they were filmed natively in Japanese or Korean.

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