I’m a senior editor at Forbes based in Hong Kong, covering entrepreneurs and investors in Asia. I edit the Korea’s 50 Richest wealth ranking and co-edit the Forbes Asia 100 to Watch list.
The investment was made by CP Croup’s convenience store arm, CP All, which operates 7-Eleven stores in Thailand. The deal marks CP All’s first investment in an overseas startup., has invested $10 million in South Korea-based Gopizza as the pizza chain startup seeks to expand in the populous Southeast Asia region.
GS25 convenience stores are operated by GS Retail, the retail arm of the Hur family’s South Korean conglomerate GS Group. The venture capital arm of GS Group, GS Ventures, is also a strategic investor in Gopizza. Other backers of the company include CJ Investment, the corporate venture arm of South Korean billionaireLim founded Seoul-based Gopizza in 2017 and made its first overseas expansion in 2019, entering India, the most populous country in the world.
CP’s investment brings the loss-making startup’s total funding to date to 60 billion won . Lim says he expects Gopizza to break even by the end of the year, thanks to rising sales overseas and reducing marketing spend.Lim says Gopizza’s secret sauce is its partially baked dough. “The most difficult part of the operation in the pizza industry is the dough,” says Lim, who has worked at a pizza chain in preparation for starting Gopizza.
Thailand Cp Cp Group Investment Gopizza Korea Pizza Thailand Pizza Korean Food Thailand Korea Thai Korea Korea Startup
Indonesia Berita Terbaru, Indonesia Berita utama
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