TiffinLabs, a Singapore food tech company and digital restaurant group, has launched a S$1 million restaurant relief fund in support of local restaurants. According to the company’s press release, the fund will go towards helping restaurants and bars take advantage of underutilized kitchens to boost delivery revenues.
The fund will allow bars and restaurants to come on board as a TiffinLabs Partner Kitchen, with zero upfront costs. Bars and restaurants previously focused on dine-in will be able to seamlessly pivot their traditional business models by becoming cloud kitchens, according to CNA Luxury’s news.
“With unpredictable dining regulations and enforced limits on restaurant capacity and entertainment in Singapore, we recognise that the past year has been extremely difficult for our local F&B community,” Phuminant Tantiprasongchai, co-founder of TiffinLabs, commented.
Established in 2020, TiffinLabs operates and manages 45 delivery optimised digital restaurant brands, which cook out of the company’s own restaurant as well as a network of partner restaurants.