Kaviar

About Kaviar

Kaviar, established in 2020 and headquartered in Seoul, South Korea, operates as a gourmet curation platform within the food-tech industry. The company has positioned itself in the Restaurant Meal Replacement (RMR) market, focusing on providing high-quality meals from renowned chefs and restaurants, including Michelin-selected establishments and other long-standing popular eateries. This service enables consumers to enjoy premium dining experiences in the comfort of their own homes. The business model is centered on securing food-related intellectual property, with over 150 food IPs from both domestic and international sources, which investors have recognized as a significant competitive advantage.

The company generates revenue by making these curated gourmet meals available for purchase through its platform. Kaviar has successfully attracted significant investment to fuel its growth. A notable Series B funding round in late 2022 raised 16 billion won (approximately $12.28 million USD), with participation from venture capital firms like Stone Bridge Ventures and T.K. Investment, as well as strategic corporate investors including GS Retail and Danal. This capital is intended to expand its food IP-based business and forge strategic partnerships, particularly with investors in the distribution and payment sectors to broaden its customer base.

Led by CEO Park Young-sik, Kaviar aims to evolve into a comprehensive gastronomy platform. The company's strategy involves leveraging the distribution channels of partners like GS Retail to enhance market penetration. Prior to its Series B, Kaviar also completed a Series A funding round in July 2021, establishing its status as a venture-backed company in the generating revenue stage. The platform offers not just the food products themselves but also provides content and stories about the chefs, restaurants, and cuisines, creating a richer, more engaging experience for food connoisseurs.