Grapevine-based investment firm NewcrestImage has invested in a ghost kitchen startup called TiffinLabs that it believes has the potential to permanently alter the hotel industry in the U.S.
The total investment figure was not disclosed, but NewcrestImage said it is now the second-largest shareholder in the Singapore-based food tech startup.
TiffinLabs launched in 2019 just before the pandemic set in and accelerated restaurants’ transition to delivery and digital apps.
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